Koh Brothers Flags Losses for H1 Amid Lower Construction Activities

MT Newswires08-02

Koh Brothers (SGX:K75) anticipates booking a net loss for the first half of the year, according to a filing with the Singapore Exchange on Thursday.

The company attributed the expected losses to lower construction activities as a result of the completion of certain projects and higher costs for materials.

The company is expected to report its financial result by Aug. 14.

Koh Brothers shares were down 2% in recent trade.

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