SINGAPORE: Rowsley has reported a 70 per cent jump in net profit to $3.1 million for the first quarter.
Group revenue, however, fell by a quarter to $16.3 million for the three months to March 31, mainly due to a decline in contribution from architectural services of about $7.4 million.
This was partially offset by higher revenue from civil and structural engineering services of $1.3 million and master planning services of $700,000.
Other income more than doubled to $7.7 million from $3.6 million after fair value adjustment of $4.1 million from the re-measurement of shares to be paid to the RSP vendors.
