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Boustead Projects reports 972% surge in 2H21 earnings of $133.9 mil due to the Boustead Industrial Fund

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Boustead Projects reports 972% surge in 2H21 earnings of $133.9 mil due to the Boustead Industrial Fund

Felicia Tan Published on Wed, May 26, 2021 / 12:28 AM GMT+8

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Boustead Projects, a leading provider of real estates solutions, has reported earnings of $133.9 million for the 2HFY2021 ended March on May 25.

The figure, which represents a 964% y-o-y surge or 10.6 times higher than earnings of $12.6 million in the corresponding period the year before, was due to the successful launch of the Boustead Industrial Fund (BIF) on March 4.

See: Boustead Projects launches Boustead Industrial Fund, completes divestment of 14 properties

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