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Low Keng Huat posts more than eightfold surge in 2Q earnings to $4.2 mil on higher revenue

Stanislaus Jude Chan
Stanislaus Jude Chan9/12/2018 10:45 PM GMT+08  • 1 min read
Low Keng Huat posts more than eightfold surge in 2Q earnings to $4.2 mil on higher revenue
SINGAPORE (Sept 12): Property developer Low Keng Huat (Singapore) saw its earning surge more than eightfold to $4.2 million for the 2Q18 ended July, from $0.5 million a year ago.
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SINGAPORE (Sept 12): Property developer Low Keng Huat (Singapore) saw its earning surge more than eightfold to $4.2 million for the 2Q18 ended July, from $0.5 million a year ago.

This was attributable to a more than fivefold jump in 2Q18 revenue to $77.9 million, from $13.6 million a year ago.

The increase was mainly due to increased sales in its development segment. The group reports that it has fully sold its Kismis Residences and Tranquilia @ Kismis properties.

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