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Koh Bros' 3Q earnings surge more than 18-fold to $5.1 mil on one-off disposal gain

Michelle Zhu
Michelle Zhu11/13/2017 05:34 PM GMT+08  • 2 min read
Koh Bros' 3Q earnings surge more than 18-fold to $5.1 mil on one-off disposal gain
SINGAPORE (Nov 13): Koh Brothers Group has announced $5.1 million in earnings for 3Q17, up 18.4 times from its earnings of $0.3 million a year ago on a one-off disposal gain registered over the quarter.  
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SINGAPORE (Nov 13): Koh Brothers Group has announced $5.1 million in earnings for 3Q17, up 18.4 times from its earnings of $0.3 million a year ago on a one-off disposal gain registered over the quarter.

Sales for 3Q17 grew 41% to $89.8 million from $63.7 million previously, due primarily to higher contributions from the Construction & Building Materials division. However, due to lower gross profit margins from this division, group gross profit fell 66% to $1.8 million compared to $5.2 million previously.

Other gains of $11.1 million were recorded over the quarter from the net gain on disposal of a joint venture.

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