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Keong Hong's net loss widens

The Edge Singapore
The Edge Singapore 11/29/2022 08:20 PM GMT+08  • 1 min read
Keong Hong's net loss widens
Keong Hong's net loss almost doubled in FY2022 despite a 92% y-o-y rise in revenue.
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Construction company Keong Hong Holdings announced a larger net loss of $46.6 million for the 12 months to Sept 30 or FY2022, compared to a net loss of $20 million a year ago. However revenue rose by 92.4% to $148.1 million. The revenue surge was attributed to the improvement in construction productivity and the commencement of upgrading works to Grand Hyatt Hotel Singapore.

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