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Koh Brothers' earnings plunge 94% in 3Q

Gwyneth Yeo
Gwyneth Yeo11/8/2016 08:35 PM GMT+08  • 1 min read
Koh Brothers' earnings plunge 94% in 3Q
SINGAPORE (Nov 8): Koh Brothers Group has posted earnings of $0.3 million for 3QFY16, a 94% decline from the earnings of $5 million in 3QFY15.
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SINGAPORE (Nov 8): Koh Brothers Group has posted earnings of $0.3 million for 3QFY16, a 94% decline from the earnings of $5 million in 3QFY15.

Revenue fell 32% to $63.7 million for the quarter to Sept, due to the lower revenue contribution from the real estate and building materials divisions.

Other income fell 16% to $0.8 million from lower interest income, and distribution expenses fell 92% to $0.1 million from a writeback allowance made for impairment on trade receivables.

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