Koh Brothers Q1 net profit rose 47% on year to S$2.8m

Mainboard listed Koh Brothers says its first quarter net profit rose 47 per cent on year to S$2.8 million.

Revenue increased 39 per cent to S$84.8 million compared to the same period last year.

The group says this was on the back of improved performance from its Construction and Building Materials divisions.

Looking ahead, group managing director Francis Koh says with general market sentiment picking up, the firm expects the residential property market to continue being active this year.

Koh Brothers says it will time the release of residential units for sale in line with market demand.

As for the Construction and Building Materials division, Mr Koh adds that the firm has a healthy order book over the next two years.

Meanwhile, the group says the outlook for its Hospitality division has improved, with occupancy rates, and it is cautiously optimistic that this trend will continue.

Source : Channel NewsAsia – 12 May 2010

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