Builder Low Keng Huat (Singapore) says net profit attributable to shareholders increased by $33.5 million to $62.9 million for the full-year ended Jan 31 2010 from $29.4 million during FY ended Jan 31 2009.

Group revenue increased by $320.8 million to $595.4 million from $274.6 million over the same period. Low Keng Huat says the increase in revenue were due to the increase in construction revenue although this was weighed down by the decrease in hotel revenue. Development revenue and investment revenue were not significant.

Construction revenue increased by 148% to $545.6 million from $220 million due to the higher percentage of completion for projects at Hard Rock Hotel at Sentosa, Meritus Mandarin Hotel and nex at Serangoon Central Mall.

Revenue for hotel & F&B businesses decreased by 11.1% to $48.3 million from $54.3 million.

For the 3 months ended Jan 31 2010, net profit increased by $9 million to $15 million from $6 million in 4QFY09 while revenue increased by $18.9 million to $145.4 million from $126.5 million.