Tuesday, August 07, 2012

Koh Brothers sees flat results

Koh Brothers Group’s gross profit for Q2 2012 rose 15 percent year-on-year to S$10.5 million, backed by higher contributions from the sale of building materials.

The group’s net profit stood at S$2.6 million as revenue fell 32 percent to S$50.9 million.

Additionally, the company effectively controlled costs to achieve an 8.4 percentage point increase in gross profit margin to 20.6 percent.

Francis Koh, Managing Director and Group CEO, said: “Despite a softer revenue for 1H2012, we were able to leverage on our prudent management and operating efficiencies to achieve healthier gross margins and bottom-line growth.”

For 1H2012, Koh Brothers’ net profit stood at S$5.8 million while revenue hit S$109.5 million, as compared with S$5.5 million and S$156.6 million respectively over last year.

View the original article here

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