Keong Hong Holdings announces publication of independent auditors’ report for FY2025 accounts

Reuters03-14 16:46

Keong Hong Holdings announces publication of independent auditors’ report for FY2025 accounts

Keong Hong reported that Forvis Mazars published an independent auditors’ report for the year ended 30 September 2025. The auditor issued a qualified opinion, citing insufficient audit evidence to assess the classification and measurement of the former Katong Holdings investment, which was carried at SGD 34.12 million as held for sale and later disposed of for SGD 34.5 million. Forvis Mazars also said it could not determine whether the SGD 0.38 million gain on disposal in FY2025, or the SGD 2.3 million share of losses recorded in FY2024, was appropriately stated. Key audit matters included revenue recognition for construction contracts, with FY2025 construction revenue of SGD 182.37 million. Another key audit matter was impairment assessment of the associate Pristine Islands Investment and its subsidiary, including a 12-month expected credit loss allowance of SGD 0.4 million on non-trade amounts due.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keong Hong Holdings Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 168XIWDKKKL8W6VF) on March 14, 2026, and is solely responsible for the information contained therein.

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