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Financial Highlights

Revenue(S$’000)

The Group registered revenue of S$248.0 million which was a 12.0% decrease from revenue of S$282.0 million in FY2015.

Decline in revenue was mainly due to lower revenue recognition from new projects which were at initial revenue recognition stage and projects which had largely been completed in the last financial year.

Financial Highlights

Gross Profit(S$’000)

Gross profit improved by 29.9% to S$38.8 million while gross profit margin rose 5.0 percentage points to 15.6% in FY2016.

Higher gross profit was driven by better gross profit margin for certain construction projects that are in advanced stage. Retention sum received in 1Q2016 from completed projects also helped to improve the margin.

Financial Highlights

Net Profit After Tax(S$’000)

The Group turned in net profit of S$33.1 million, a 14.8% decrease as compared to S$38.8 million in FY2015 on the back of lower gain from joint ventures and associates in FY2016 as compared to FY2015.

Financial Highlights

Financial Highlights