Low Keng Huat Q1 net dips 4%; revenue up 36%

CONSTRUCTION group Low Keng Huat (Singapore) Limited has posted a net profit of $14.6 million for the three months ended April 30 this year (Q1 FY2015), as year-on-year Q1 revenue increased by 36 per cent to $24.2 million.

However, the profit attributable to shareholders was 4 per cent lower than that for Q1 FY2014 owing to lower profits from the construction segment.

Construction revenue increased by $7.5 million to $11.9 million for Q1 FY2015 from $4.4 million last year.