Koh Brothers recorded a 56 percent increase in net profit attributable to $23.3 million for M9 2014.
Revenue over the same period also rose by eight percent to $292.9 million, from S$271.5 million for the corresponding period next year.
Group Revenue comprises sales of products, services rendered, property development and rental income, as well as construction contract revenue, with an increase in sales from the Real Estate being a contributing factor.
For Q3 2014, the group’s net profit rose by three percent to $7.1 million, from $6.9 million in Q3 2013. However, revenue dropped by seven percent to $82.2 million in the same period.
Francis Koh (pictured), Managing Director and Group CEO of Koh Brothers said the group will continue to increase collaboration opportunities among its three business segments, Construction and Building Materials, Real Estate, and Leisure and Hospitality, to harness synergies and economies of scales.
“As for Real Estate, we will place an even greater emphasis on unique or innovative features for all upcoming developments to differentiate ourselves better from other property developments,” he added.
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
