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Low Keng Huat posts Q3 loss, warns of poor sentiment from property cooling measures

Annabeth Leow

Annabeth Leow

Published Fri, Dec 6, 2019 · 09:50 PM
Low Keng Huat (Singapore)

Singapore

MAINBOARD-LISTED builder Low Keng Huat (Singapore) has warned that property market softness from cooling measures lingers on, even as it sank into the red on the back of a sole private-home launch in the third quarter.

It posted a net loss of S$774,000 for the three months to Oct 31, reversing earnings of S$2.63 million previously, despite revenue surging by 34.1 per cent to S$12.4 million, according to financial statements out on Friday.

Cooling measures

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