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Low Keng Huat posts 65% rise in profits for Q1

CONSTRUCTION company Low Keng Huat reported a 65 per cent increase in net profits at S$5.4 million for the three months ended April 30 when compared to a year ago.

This comes as it reported a 7 per cent increase in revenue to S$16.9 million for the same period.

As a result, earnings per share rose from 0.44 Singapore cent a year ago to 0.73 cent for the quarter.

Mainboard-listed Low Keng Huat shared its financial statement for the first quarter of the financial year in a release to the Singapore Exchange on Thursday evening after market close.

Shares of Low Keng Huat closed 0.79 per cent lower on Thursday at 62.5 cents apiece before the release.

sentifi.com

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