Koh Brothers Group Limited has reported earnings of $2.6 million for the 1HFY2025 ended June 30, a reversal from the loss reported the same period a year ago.
Revenue for 1HFY2025 saw a 34.8% y-o-y growth to $152.2 million mainly due to higher revenue contribution from the Construction and Building Materials division.
Gross profit increased to $18.6 million in 1HFY2025 due to improved gross profit margins from the Construction and Building Materials division as well as the Real Estate division.
Other income rose 41.5% y-o-y to $1.5 million mainly due to increase in interest income.
As at June 30, cash and bank balances increased to $81.6 million. The group’s net gearing ratio lowered to 0.19 times as at end June.
“Our order book was further strengthened most recently with the award of the $999.1 million contract through an integrated joint venture with Penta Ocean for the construction of intra-terminal tunnels at Changi Airport’s upcoming Terminal 5. Supported by an order book exceeding $1 billion with visibility extending to 2029, we are committed to delivering sustainable value to our shareholders,” says Francis Koh, executive chairman and group CEO.
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The board of directors has declared an interim dividend of 0.1 cent per share for 1HFY2025.
