Koh Brothers Group and its separately listed unit Koh Brothers Eco Engineering 5HV both expect to report a loss for their FY2023 ended Dec 2023, no thanks to higher costs related to its construction activities.
In two separate but similarly worded announcements, the two companies blamed the impending losses to be reported on prolonged construciton periods for certain projects.
As a result, they incurred higher manpower, manpower and subcontractor costs.
Koh Brothers Group ended Jan 31 at 13 cents, up 2.34%.
Koh Brothers Eco Engineering ended at 2.2 cents, unchanged for the day.
