Other gains of $11.1 million were recorded over the quarter from the net gain on disposal of a joint venture.
SINGAPORE (Nov 13): Koh Brothers Group has announced $5.1 million in earnings for 3Q17, up 18.4 times from its earnings of $0.3 million a year ago on a one-off disposal gain registered over the quarter.
Sales for 3Q17 grew 41% to $89.8 million from $63.7 million previously, due primarily to higher contributions from the Construction & Building Materials division. However, due to lower gross profit margins from this division, group gross profit fell 66% to $1.8 million compared to $5.2 million previously.
