Koh Brothers posts 86% rise in Q2 earnings to $4.8 million
Property group Koh Brothers has reported an 86 per cent rise in second quarter net profit to $4.8 million.
Sales for the three months to June 30 more than doubled to $109.8 million from $50.9 million.
The increase was primarily due to higher revenue from the real estate division.
In line with the increase in sales, gross profit improved by 50 per cent to $15.7 million.