Construction group BBR Holdings on Monday swung to a first-half profit, helped by improved share of associates' profits.
Net profit attributable to owners of the company rose to S$3.2 million in the six months ended June 30 compared to a net loss of S$5.0 million in the corresponding period last year.
Revenue for the quarter slumped 55.5 percent to S$69.1 million due to the lower sales for both general construction and specialised engineering segments.
Share of results of associates amounted to S$6.2 million in the first half.
Net assets stood at S$135.1 million as at June 30, as compared to S$134.7 million as at December 31.
Net asset value per share stood at 41.42 cents as at June 30, 2017.
Singapore-listed firm has an order book of about S$238 million in respect of construction projects, predominantly in Singapore and Malaysia.
Shares in the company closed down 2.2 percent at S$0.225 on the Singapore Exchange. The stock has gained 26 percent so far this year.