Hock Lian Seng posts 26.3% drop in 9M earnings to $18.6 mil

SINGAPORE (Nov 4): Civil engineering group Hock Lian Seng Holdings posted a 26.3% drop in 9M earnings to $18.6 million, compared to $25.2 million from the same period last year.

This came on the back of a 43.3% fall in revenue in 9M to $84.9 million, from $149.8 million in 9M15.

This was mainly due to Hock Lian Seng’s property development segment recording no sales for the first nine months of this year, compared to revenue of $89.0 million in 9M15.

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