This was offset in part by a 11.2% increase in rental income from investment properties, mainly from KSH’s investment property in Tianjin, China.
SINGAPORE (Nov 10): Construction and property group KSH Holdings earnings of $4.1 million for 2Q18, down nearly half from its $8 million in earnings a year ago on lower revenue.
Revenue for the quarter fell 64.1% to $24.5 million from $68.2 million in the corresponding period a year ago, mainly due to a decrease in revenue from the group’s construction business on the back of delays in the handing over of sites from customers for two projects, which in turn affected the progress in the certification of work done.
