BBR Holdings (S) said earnings for the second quarter ended June 30 fell 37.1% to $2.92 million from a year ago.
Revenue decreased 53.4% to $59.11 million from last year due mainly to decreased revenue recognised from general construction projects, and partially offset by higher revenue from property development and specialised engineering divisions.
Revenue from general construction division was higher in 2Q11 because a number of projects were in their active stage of construction last year, of which two had since been completed in early 2012, resulting in lower revenue for the current period.
Earnings per share for the quarter was 0.95 cents, down from 1.51 cents a year ago.
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