KSH Holdings, the construction, property development and property management group, today announced net profit for the full year ended March 31, 2010 (FY2010) jumped 34.6% y-o-y to $18.3 million on lower construction costs and an improvement in average gross margin in the group’s core construction business to 11.7% from 9.1% in FY2009.

During the financial year in review, revenue fell 11.5% to $290.9 million. The group’s construction business in Singapore continued to be its strongest revenue contributor in FY2010, accounting for $285.4 million or 98.1% of total group revenue.

Revenue from the Property Development and Management segment made up the other 1.9% of total revenue in FY2010, or $5.5 million.

As at March 31, 2010, the group maintained a strong balance sheet and working capital position with $94.2 million cash and cash equivalents.

KSH Holdings has proposed a final, tax-exempt dividend of 1 cent per ordinary share.