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SG Koh Brothers revenue up 74% in first half

Property Here - Wednesday, August 07, 2013

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Property group Koh Brothers reported a record net profit of S$8.1 million in 1H2013, its highest since 2008. Gross profit was also up by 30 percent to S$26.7 million in the period, while revenue grew 74 percent to S$190.6 million on higher contributions from its real estate business. 

“We are enthused by the Group’s record first half performance which was achieved at a time when the industry is seeing challenges arising from the Government’s ongoing efforts to curb property speculation. We attribute this to our strong focus on developing quality themed private residential developments,” said Francis Koh, Managing Director and Group CEO of Koh Brothers.

The company expects its performance in the near future to be supported by contributions from real estate, which includes progressive revenue recognition from several key developments including Parc Olympia

Nikki De Guzman, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email