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Construction and property developer KSH Holdings has posted a net profit increase of 28 percent to S$18 million on-year.
The company said that better performance was mainly attributed to an improved profit margin, as well as lower construction costs.
However, revenue dropped 12 percent to S$291 million, which was largely due to the completion of several construction projects.
The company added that its order book, which will be fully realized by 2012, remains strong at more than S$314 million.
KSH has suggested a final dividend per share of one cent, bringing the total dividend for the whole year to two cents, including the interim payout.
Looking forward, it said that the current improving market demand will bode well for its business.
Tony Tang, Chief Financial Officer of KSH Holdings said: "Our core business is in construction. So with the increase in the government projects and also the good prospects in the residential projects, we believe that the outlook of KSH on construction business will be positive."