Keong Hong gives notice of three years of consecutive losses

Construction company Keong Hong has given notice that it has recorded pre-tax losses for the three latest financial years in a row.

On Jan 31, the company reported a loss of $49.5 million for the FY2023 ended Sept 30, 2023. This was 7.8% deeper than the loss of $45.9 million for the FY2022. The company also reported a loss of $16.9 million in the FY2021.