KSH Holdings has reported earnings of $5.3 million for the 1HFY2026 ended Sept 30, reversing from a loss of $6.5 million recorded in the same period a year ago.
Revenue for the 1HFY2026 came in 19.7% y-o-y higher at $63.1 million, driven by higher revenue from the construction business.
The growth in construction revenue was primarily due to the higher work progress achieved across ongoing projects. Meanwhile, the decrease in rental income from investment properties was largely due to a lower exchange rate applied to rental income from PRC.
Other income declined to $4.5 million in 1HFY2026 as a result of a decrease in gain on disposal of plant and equipment of S$1.4 million and interest income of S$0.9 million.
As at end Sept, cash and bank balances with fixed deposits totalled to over $114.5 million as at 1HFY2026. Gearing ratio improved to 0.22x in 1HFY2025 with a S$4.8 million decrease in total loans and borrowings to $61.1 million as at 1HFY2026.
The board of directors has proposed an interim cash dividend of 0.5 cents per ordinary share.
See also: Bumitama Agri net profit up 1% y-o-y for 3QFY2025 to IDR602.9 bil
On Nov 13, the group announced that Kim Seng Heng Engineering Construction, a wholly-owned subsidiary, has accepted a letter of acceptance for a new construction project.
This brings the group’s total construction order book in Singapore to be more than $500 million.
KSH Holdings closed 0.5 cents lower or 1.282% down at 38.5 cents on Nov 13.
