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KSH Holdings posts 22.8% jump in profit, raises dividend payout

Published on May 26, 2014 7:00 PM

SINGAPORE - Construction and property group KSH Holdings has posted a 22.8 per cent jump in net earnings to $44.5 million.

Revenue for the year to March 31 climbed by 41 per cent to $324.5 million, thanks to higher construction revenue, and sales of development property in Singapore and China.

Its share of results from associates jumped by 66.2 per cent to $27.7 million, mainly due to the contribution from property development projects in Singapore.

Earnings per share rose to 10.75 cents from 9.48 cents previously while net asset value per share climbed by 8.83 cents to 52.37 cents.

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