29 May '17, 3am

KSH Holdings FY2017 net profit down 33.4%

KSH’s share of profit from associated companies also posted lower, mainly due to the decreases in share of profit from Sequoia Mansion, preliminary costs on its China Gaobeidian project (pictured), impairment losses on unsold properties and decrease in sales and percentage-of-unsold properties. (Artist’s Impression: KSH Holdings Limited) KSH Holdings Limited saw its net profit for the financial year ended 31 March 2017 decline by 33.4 percent to S$41 million from S$61.5 million during the previous year. This comes as revenue fell 18.8 percent to S$199.3 million, primarily due to a 19.1 percent drop in contribution from the construction segment. KSH also posted lower share of results of associated companies at S$8.5 million, mainly due to the S$12.2 million decrease in share of profit from Sequoia Mansion, the S$3.9 million preliminary costs incurred on the Gaobeidian proje...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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