Corporate digest

Koh Brothers Group

MAINBOARD-LISTED construction player Koh Brothers Group posted a 29 per cent rise in net profit to S$2.4 million for its fourth quarter ended Dec 31, 2019, from S$1.9 million a year ago. This came on the back of higher share of profit from associated companies and joint ventures and other gains, as well as lower finance costs. Earnings per share stood at 0.59 Singapore cent, up 31.1 per cent from 0.45 cent a year ago. Revenue fell 25 per cent to S$98 million from S$131.5 due to lower revenue recognition from the construction and building materials division.

The group recommended a final cash dividend of 0.4 Singapore cent per share, the same as the year before. For the full year ended Dec 31, net profit was up one per cent to S$5.8 million from S$5.7 million a year ago.