Koh Brothers' Net Loss Shrinks 55% in H1 Despite 43% Drop in Sales

MT Newswires08-09

Koh Brothers' (SGX:K75) attributable loss to equity holders was down 55% year over year to SG$7.2 million in the first half of the year from SG$16 million, according to a filing with the Singapore Exchange on Thursday.

Loss per share came in at SG$0.0174 compared with SG$0.0389 in the year-ago period.

The group's sales were down 43% year over year to SG$112.9 million from SG$196.6 million mainly due to lower revenue contribution arising from decreased construction activities.

Shares of the company were down over 2% in recent trading.

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