This was due to an absence of revenue in the hotel segment after the sale of Duxton Hotel Saigon (DHS) in the current year, as well as lower contributions from Duxton Perth as a result of lower room rates and occupancy.
SINGAPORE (March 31): Construction firm Low Keng Huat’s earnings fell to $6.3 million for the fourth quarter ended Jan 31, an 80% decline from the $32.1 million it posted a year ago on lower revenue.
Revenue for the quarter came in at $10.2 million, which was less than half of the $20.8 million reported in 4Q16.
