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Koh Brothers posts 49% rise in FY17 earnings to $19.8 mil on higher sales

Michelle Zhu
Michelle Zhu2/13/2018 06:25 PM GMT+08  • 2 min read
Koh Brothers posts 49% rise in FY17 earnings to $19.8 mil on higher sales
SINGAPORE (Feb 13): Koh Brothers Group announced 4Q earnings of $12.2 million, representing a 74% growth in earnings from $7 million a year ago. This brings the group’s earnings for the full year of FY17 to $19.8 million, up 49% from $13.3 million in FY
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SINGAPORE (Feb 13): Koh Brothers Group announced 4Q earnings of $12.2 million, representing a 74% growth in earnings from $7 million a year ago. This brings the group’s earnings for the full year of FY17 to $19.8 million, up 49% from $13.3 million in FY16 on higher sales and share of profit of joint ventures.

Overall, FY17 sales grew 7% to $369.4 million compared to $345 million for FY16, primarily due to higher contributions from the construction and building materials division.

Gross profit however declined by 50% to $14.5 million from $29.1 million previously due to lower gross profit margin.

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