Full year profit for KSH Holdings nearly doubles to $36.3 million
HIGHER profit recognition from several joint-venture projects and increase construction business sent the numbers rocketing at KSH Holdings last year.
Its full-year net profit nearly doubled to $36.3 million for the year to March 31 while revenue rose 35.8 per cent to $231.6 million.
KSH's construction arm made up the bulk of revenue at $206.3 million while property sales and rental income contributed the remaining $25.3 million.
The property development and management firm was was also awarded the Building and Construction Authority's Excellence Awards for its work on the Fullerton Bay Hotel and the University Town Educational Resource Centre at the National University of Singapore.