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Home / Capital / Results

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

Results

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

Samantha Chiew Published on Tue, May 15, 2018 / 5:31 PM GMT+8

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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.

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