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KSH reports higher 2Q earnings of $6 mil on higher topline plus results from associates

PC Lee
PC Lee11/12/2019 11:19 AM GMT+08  • 2 min read
KSH reports higher 2Q earnings of $6 mil on higher topline plus results from associates
SINGAPORE (Nov 12): KSH Holdings reported 2Q20 ended Sept earnings of nearly $6 million compared to $1.8 million a year ago amid higher development sales and share of results of associates and joint ventures.
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SINGAPORE (Nov 12): KSH Holdings reported 2Q20 ended Sept earnings of nearly $6 million compared to $1.8 million a year ago amid higher development sales and share of results of associates and joint ventures.

KSH’s fully diluted 2Q20 earnings per share increased to 1.05 cents compared to 0.32 cent in 2Q19 while net asset value per share as at Sept 30 came in at 57.61 cents.

For 1H20, the developer achieved a 66.4% increase in total revenue to $126.6 million from $76.1 million a year ago while earnings rose 51.6% to $11.1 million compared to $7.3 million in 1H19.

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