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Koh Brothers reports 151% y-o-y earnings jump for 1HFY2022

The Edge Singapore
The Edge Singapore8/7/2022 05:09 PM GMT+08  • 2 min read
Koh Brothers reports 151% y-o-y earnings jump for 1HFY2022
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Koh Brothers Group has reported earnings of $5 million for 1HFY2022 ended June, up 151% over the year earlier’s $2 million.

Revenue in the same period was up 13% y-oy to $158.9 million, due to higher revenue recognition from its construction and real estate businesses.

Along with a pick up in construction activities from the pandemic disruptions, the company reported a gross profit of $11.7 million, up 43% y-o-y. Gross margin improved to 7.4% from 5.8% in 1HFY2021.

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