Koh Brothers Group K75 is guiding for a net loss in the 1HFY2023 ended June ahead of its results which are due to be released by Aug 14.
The net loss was incurred by the group’s construction and building materials and real estate divisions, which registered an increase in materials, labour, subcontractor and finance costs, as well as the finalisation of construction project accounts.
At the same time, Koh Brothers Eco Engineering 5HV is also guiding for a net loss for the 1HFY2023 ended June.
According to the group, the net loss was mainly due to lower revenue recognised from both the engineering and construction segment and the bio-refinery and renewal energy segment, increase in materials, labour, subcontractor and finance costs, and finalisation of project accounts.
The group’s results will also be released by Aug 14.
Shares in Koh Brothers Group and Koh Brothers Eco Engineering closed at 14.4 cents and 3.1 cents respectively on July 28.
