Revenue from the company’s property development segment increased to $225.4 million from $156.6 million due to a higher percentage of completion for the Klimt Cairnhill project. In 1HFY2025, the project was 25% completed compared to 8% in 1HFY2024. The company also sold more units with 121 sold as of July 31 from 66 units in July 31, 2023.
Mainboard-listed Low Keng Huat has reported earnings of $5.8 million for 1HFY2025 ended July 31, reversing from its $1.5 million loss in 1HFY2024.
Revenue for the six-month period rose by 34% y-o-y to $257.9 million due to higher revenues from the company’s property development and hotel businesses and offset by lower contributions from its investment business.
