Corporate digest

KLW Holdings

KLW Holdings' net loss widened to S$9.41 million for the year ended March 31, 2020, from a S$1.38 million net loss in FY2019.

Revenue declined 13 per cent to S$26.46 million. The drop was due mainly to a decrease in the export sales for the door business amid weakened macro-economic demand arising from the UK's exit from the European Union, the continued escalation of the US-China trade war and the global impact of the Covid-19 pandemic. These have adversely affected the group's main export markets including the UK and US.KLW posted loss per share of 0.17 Singapore cent for FY2020, compared with loss of 0.03 Singapore cent for FY2019. No dividend has been recommended.