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Keong Hong reports 55.5% fall in 2Q earnings to $2.14 mil

PC Lee
PC Lee • 2 min read
Keong Hong reports 55.5% fall in 2Q earnings to $2.14 mil
SINGAPORE (May 10): Keong Hong Holdings, the construction group and property and hotel investor and developer, reported 2Q earnings of $2.195 million, down 55.5% from a year ago.
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SINGAPORE (May 10): Keong Hong Holdings, the construction group and property and hotel investor and developer, reported 2Q earnings of $2.195 million, down 55.5% from a year ago.

This was due to higher cost of sales and lower net gains from JVs and associates.

2Q revenue rose 41.5% to $43.5 million, mainly due to higher revenue contribution from the construction of Seaside Residences condominium at Siglap and Pullman Maamutaa resort in Maldives.

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