Thursday, February 16, 2012

Koh Brothers full-year net profit up 80%

Business Times: Thu, Feb 16
CONSTRUCTION firm Koh Brothers saw net profit rise 80 per cent last year to hit $19.9 million.


The mainboard-listed company's revenue decreased 6 per cent in the 12 months ended Dec 31 to $341.1 million.


Its construction arm brought in the bulk of sales, although its real estate division showed the most growth in that respect.


Total sales for construction and building projects hit $283.7 million in 2011, down from $373.5 million the prior year.


On the other hand, Koh Brothers' real estate business grew sales from $29.9 million in 2010 to $75.9 million last year...

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