Koh Brothers Posts Outstanding Results

KohBrosConstruction, property development and specialist engineering solutions provider that was founded in 1966, Koh Brothers Group Limited (SGX: K75), posted a 116% jump in second-quarter revenues.

The increase was mainly due to higher revenue from the real estate division. In line with the increase in sales, gross profit was $15.7 million, a 50% improvement over last year. Net profit attributable to shareholders increased 86% to S$4.8m.

First=half sales came in at $191m, an increase of 74% when compared to the same period last year.

Gross profit for the first half rose 30% to S$26.7 million. The Group’s profit attributable to shareholders improved 40% to S$8.1 million in the first half.

The cash flow from operations for the first six months of the year was $27.7 million, which is a vast improvement compared to a cash outflow of $123 million last time.

The diluted earnings per share (EPS) for the first half was 1.76 cents, an improvement of 41% over last year.

No interim dividends for the second quarter was declared by the company and the shares closed at $0.295.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.  Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.