Koh Brothers' Q3 profit up 3% at S$7.1m

Singapore

BUILDERS posted mixed results for the three months ended September.

Koh Brothers saw its net profit for the third quarter ended September rise 3 per cent, from S$6.9 million to S$7.1 million. This is even as revenue slid 7 per cent, from S$88.2 million to S$82.2 million. The increase in profit was largely due to general improvement in margins for the real estate and construction and building materials divisions.

"We have a diversified revenue stream given our three business segments - construction and building materials, real estate, and leisure and hospitality divisions. To grow, we will continue to increase collaboration opportunities amongst these business lines to harness synergies and economies o…