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Koh Brothers Eco posts 74% drop in 1Q earnings to $0.36 mil

Samantha Chiew
Samantha Chiew5/15/2018 05:31 PM GMT+08  • 2 min read
Koh Brothers Eco posts 74% drop in 1Q earnings to $0.36 mil
SINGAPORE (May 15): Koh Brothers Eco Engineering (KBE) reported 1Q18 earnings fell by 74% to $0.36 million, compared to $1.40 million in 1Q17.
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SINGAPORE (May 15): Koh Brothers Eco Engineering (KBE) reported 1Q18 earnings fell by 74% to $0.36 million, compared to $1.40 million in 1Q17.

Revenue for the first quarter ended March came in at $52.8 million, 25% lower than $70.6 million a year ago, mainly due to a decline in revenue contribution from the Engineering and Construction division following the completion of certain projects.

In line with lower revenue, the group’s gross profit was $3.02 million, 16% lower than $3.59 million last year.

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