On Jan 23, Koh Brothers Eco Engineering reported full year earnings of $5.7 million, a slight improvement from $5.6 million made in the year earlier. For the same Dec 31 2019 period, the company recorded revenue of $290.6 million, down 11.6% from the preceding year.
On the same day, Koh Brothers Group, which is the largest shareholder of Koh Brothers Eco Engineering, reported earnings of $5.8 million for FY2019, a slight improvement from $5.7 million recorded in the preceding year.
Revenue in the same period dropped 12.4% y-o-y to $353.7 million from $403.6 million.
Koh Brothers Eco Engineering itself was spun off from Koh Brothers Group. The former provides engineering and construction services for water and wastewater treatment, hydro-engineering, bio-refinery and bio-energy projects.
The latter, besides construction, is in property development and has interests in hospitality as well.
Its latest project, Van Holland, a freehold luxury development, moved more than 20% of the units just one week after the public launch.
“Having a broader business segmentation has enabled us to stay resilient amidst macro headwinds," says Francis Koh, Koh Brothers' managing director and group CEO.
