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Koh Brothers' Q4 profit down 2% at S$6.2m

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Revenue was 17 per cent higher year on year at S$102.3 million as its real estate division generated higher revenue.

KOH Brothers Group reported a 2 per cent slide in net profit to S$6.2 million for the three months ended De 31, 2014.

Revenue was 17 per cent higher year on year at S$102.3 million as its real estate division generated higher revenue. Earnings per share for the quarter came to 1.42 Singapore cents, up from 1.39 cents a year ago.

For the quarter under review, the share of results of joint ventures recorded a loss of S$2.47 million due to lower contributions from a property that is currently undergoing an asset enhancement exercise.

For the full year, net profit jumped 38 per cent to S$29.53 million while revenue climbed 10 per cent to S$395.14 million.

A special dividend of 0.3 Singapore cent per share and a final dividend of 0.5 cent per share has been recommended.