Koh Brothers Group’s gross profit for Q2 2012 rose 15 percent year-on-year to S$10.5 million, backed by higher contributions from the sale of building materials.
The group’s net profit stood at S$2.6 million as revenue fell 32 percent to S$50.9 million.
Additionally, the company effectively controlled costs to achieve an 8.4 percentage point increase in gross profit margin to 20.6 percent.
Francis Koh, Managing Director and Group CEO, said: “Despite a softer revenue for 1H2012, we were able to leverage on our prudent management and operating efficiencies to achieve healthier gross margins and bottom-line growth.”
For 1H2012, Koh Brothers’ net profit stood at S$5.8 million while revenue hit S$109.5 million, as compared with S$5.5 million and S$156.6 million respectively over last year.
Related Stories:
SingLand, UIC profits down significantly in Q2
Sky Habitat sales spur strong results for CapitaLand
Roxy-Pacific posts net profit rise