However, costs increased too. Coupled with lower gain recognised, the company is reporting earnings of $1.7 million, down 66% y-o-y from $5.1 million.
Kim Heng has reported higher revenue of $44.3 million for its 1HFY2023, up 26.4% over the year-earlier period ended June, with its various businesses all generating more sales.
Notably, revenue from its renewable energy segment surged from $0.3 million in 1HFY2022 to $7.2 million in 1HFY2023, thanks to a new offshore windfarm project that has commenced.
