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OKH Group turns in a loss for Q3

OKH Global made a loss of S$1.63 million for the third quarter ended March 2015 from a net profit of S$642,000 a year ago.

Revenue fell 24 per cent to S$6.08 million from S$7.99 million a year ago. The firm attributed the decline to the absence of development income and lower income from third party construction services.

However, the reduction was partially offset by higher income contribution arising from property investment, it said.

It made a loss per share of 0.26 Singapore cents from an earnings per share of 0.24 Singapore cents.

For the nine-month period, the group's revenue of S$249.1 million surpassed the financial year 2014's full year revenue of S$223.1 million. The firm attributed this to the completion of the group's industrial property project Woodlands Horizon, which received its Temporary Occupancy Permit in November 2014.