Koh Brothers incurs $17.1m net loss for FY2024

It is due to a revenue decline of 16% to $149m.

Koh Brothers Eco Engineering Limited reported a $17.1m net loss attributable to owners of the company for the financial year 2024.

It is due to a revenue decline of 16% to $149m from the Engineering and Construction segment with the completion of certain projects.

This is partially offset by higher revenue from the Bio-Refinery and Renewable Energy segment, driven by growing demand for edible and non-edible oils and fats.

Despite a decrease in revenue, the group recorded a gross profit of $6.2m, representing an 822% increase from FY 2023's $700,000.

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