King Wan's (SGX:554) attributable profit to the owners of the company slid 89% for the half year ended March 31 to SG$1.1 million from SG$9.4 million a year earlier, according to a Thursday filing with the Singapore Exchange.
Earnings per share dropped to SG$0.0015 compared with SG$0.0135 in the comparable period.
Revenue declined 21% year over year to SG$44.3 million from SG$56.3 million, due to a decrease in construction activities.
Shares of the company plunged nearly 10% in recent trading.
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