Despite the government's recent cooling measures, Koh Brothers Group's managing director and chief executive, Francis Koh, will still tender for one or two more mass market sites in Singapore to balance out his slate of Holland Village projects. "There may be an opportunity although the market may see it as a negative thing and there's a knee-jerk reaction," he says. "But we think we can price in the...
Mainboard-listed Koh Brothers said its second quarter net profit fell 27 per cent on year to S$2.4 million, despite revenue for the period jumping 18 per cent to S$91.8 million. The group said the decline in net profit was due to a 16 per cent fall in gross profit, resulting from reduced profit margins from the group's Building Materials subsidiaries. Managing Director and Group CEO of Koh Brothers,...
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...
Property developer and construction firm Koh Brothers has said its full-year net profit fell 30 per cent in 2008 to S$27.7 million. The fall was mainly due to the absence of revaluation gains which it had booked in the previous financial year. Revenue for the 12 months ended December dropped 24 per cent to S$216 million. CEO Francis Koh said the company is in the midst of a challenging period and will...
Construction firm Koh Brothers has won a contract to build the first part of the Punggol Waterway in Punggol Town. The contract, which is awarded by the Housing and Development Board (HDB), is worth S$144.6 million. Under the deal, Koh Brothers will build a 2.4-kilometre waterway and its related engineering works in Punggol Town. The waterway, which will have a promenade on both banks, will be connected...
The Housing and Development Board (HDB) has awarded a S$144.6 million contract to Koh Brothers Building and Civil Engineering Contractor to develop Punggol estate into a premier waterfront town. Plans to revamp Punggol were announced by Prime Minister Lee Hsien Loong at the National Day Rally in August 2007. They include the construction of a 4.2-kilometre waterway which will be connected to Sungei...
Construction and property group, Koh Brothers Group Ltd, has won a contract worth S$582 million from the Land Transport Authority (LTA) to build the Downtown Line 1 Bugis station and its associated tunnels. Koh Brothers said this is the single largest contract it has ever clinched. The 4.3-kilometre section of the Downtown Line 1 runs from Bugis station on the East-West Line to Chinatown station on the...
Developer Koh Brothers has posted a near 10-fold jump in full-year net profit - rising 877 percent to S$39.7 million. The sharp spike in the bottomline was due mainly to fair value gains on investment properties. There was also an exceptional gain of S$5.6 million after the company sold three units in Shantou, China. Sales rose 10 percent to S$285.5 million and Koh Brothers remains bullish about its...
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