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KSH Holdings net profit falls 7% to $41.7m

byCustoms Today Report
30/05/2015
in Uncategorized
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SINGAPORE: Construction and property development firm KSH Holdings recorded a 7 per cent decline in net profit to $41.7 million for the year to March 31.

This was on the back of a 15.7 per cent fall in revenue to $246.1 million, as revenue from projects dropped 16 per cent to $239.9 million and rental income from investment properties lost 1.8 per cent to $6.2 million.

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Earnings per share for the year was 10.09 cents, down from 10.81 cents a year earlier.

Net asset value was 61.37 cents at March 31, up from 52.43 cents a year ago.

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