Construction and property development firm, KSH Holdings, has achieved a turnaround in third quarter net profit to S$5.2 million.
This compared with a loss of S$900,000 in the same corresponding period the previous year.
Revenue for the three months ended December fell five per cent to S$82.5 million.
KSH said its construction business in Singapore continued to be its strongest revenue contributor in the period.
While remaining cautious, the company expects to improve profitability for the current financial year.
The firm’s current order book stands at about S$390 million.
Source : Channel NewsAsia – 8 Feb 2010
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