Excluding the sale, the company’s earnings would have increased by $1.1 million to $1.9 million in 1H20.
Construction company Low Keng Huat reported earnings of $51.9 million in 1H20 ended July, from $0.8 million a year ago.
The significant increase was mainly due to the gain on sale on Low Keng Huat’s equity stake in Perennial Shenton Holdings (PSH) of $50 million during the period.
