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Koh Brothers Q1 net profit rises 45% to $4.7mil

Published on May 9, 2014 11:19 AM

SINGAPORE - Better sales in its real estate unit helped boost earnings at construction and property firm Koh Brothers.

It reported on Friday that net profit for the first quarter ended March 31 rose 45 per cent compared with the same period last year to $4.7 million.

Earnings jumped on the back of a 26 per cent increase in revenue to $101.2 million, despite a 25 per cent increase in cost of sales to $86.7 million.

The company said its real estate division drove most of the growth.

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