Over the latest 4Q, revenue fell 69% to $8.9 million from $28.6 million a year ago in the absence of contributions from the development segment, whereas none was registered compared to development revenue of $19.2 million in 4Q17 post the sales of Kismis, which achieved TOP in May 2018 and was sold two months after.
SINGAPORE (April 2): Low Keng Huat has announced 4Q18 earnings of $3.5 million, declining 34% y-o-y from $5.3 million on the back of lower revenue.
This brings the property developer’s FY18 earnings of $15.4 million, down 13% from $17.8 million a year ago due to lower overall profit from its development and investment segments.
