The group reported a revenue of $214.1 million for the FY2024, a 28.2% y-o-y decrease, attributable to a decrease in revenue from its construction business.
Construction and property development group KSH Holdings sank into the red in the FY2024 period ended Mar 31, with a net loss of $31.5 million, as compared to a net profit of $22.1 million in the same period last year.
KSH says that share of results of associates and joint ventures incurred a loss of $5.3 million, and was mainly due to the absence of contribution from property development projects.
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