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: ST Engineering guides for net profit for 2HFY2025
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.
