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KSH posts 33.4% slump in full-year net profit to S$41m

Revenue slips 18.8% to S$199.3 million, mainly due to a 19.1% decline in contribution from the construction segment

Together with three other consortium partners, KSH had secured residential land through an en bloc purchase of Rio Casa (above), a former HUDC estate in Hougang, for S$575 million this week.


CONTRACTOR-CUM-DEVELOPER KSH Holdings reported a 33.4 per cent drop in net profit for the year ended March 31 to S$40.98 million, dragged by lower group revenue and share of results of associates.

Revenue slipped 18.8 per cent to S$199.26 million, mainly due to a 19.1 per...

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