Sim Lian and KSH Holdings post positive results

SIM LIAN Group's net pro-fit for the second quarter ended December rose 38 per cent, from $47.5 million to $65.8 million, even as revenue dipped 0.5 per cent from $208.3 million to $207.3 million.

The property development division contributed $156.9 million to the group's revenue compared with $170.1 million a year ago mainly due to reduced revenue contribution from Waterview, which was partly offset by increased revenue contribution from Parc Vera. The construction division contributed $42.1 million in revenue, an increase of 33 per cent.

For the six months ended December, net profit rose 10 per cent to $93.4 million while revenue dipped 10 per cent to $358.5 million.