Boustead Singapore reported net profit for the first quarter ended June 30 rose 45% to $17.73 million compared to last year. The increase was backed by higher other operating income. Earnings per share came in at 3.5 cents, up from 2.4 cents.
Revenue for the quarter increased 14% to $128.66 million from $113.35 million.
Other operating income, which included a $5.58 million gain on sale of assets held for sale, and $2.48 million worth of fair-value adjustments on foreign exchange contracts and held-for-trading investments, increased to $9.09 million from $1.59 million.
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