Soilbuild Construction clocked a gross profit of S$8 million from its Myanmar operations for FY19, despite a S$12.4 million drop in revenue from the year before to S$38.4 million. Its gross profit margin rose to 20.9 per cent for FY19, from 13.2 per cent for FY18.
As at Dec 31, 2019, it had three ongoing projects in Myanmar, with aggregate order books amounting to about S$71.9 million. Soilbuild Construction last year said the group expects existing construction projects in Myanmar to be substantially completed in FY20, and will continue to tender for new projects in Myanmar.
No director or substantial shareholder of Soilbuild Construction has an interest, direct or indirect, in the additional investment in SBCI.For daily updates on weekdays and specially selected content for the weekend. Subscribe to