Sales fell by 33% y-o-y to $238.4 million mainly due to lower revenue contribution from the completion of certain projects from the construction division. The group’s real estate division also saw lower revenue recognition from the completion of a development project.
Koh Brothers Group has reported a loss of $5.5 million for the FY2024 ended Dec 31, 2024, narrowing from the previous year’s loss of $22 million.
Earnings per share (EPS) stood at a loss of 1.32 cents.
