Keong Hong's net loss widens

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.