Low Keng Huat reports $5.8m net profit in H1

The company attributes this to revenue increasing to $257.9m.

Low Keng Huat Ltd reported a net profit increase to $5.8m for the first six months of 2024, compared to a net loss of $1.5m in the same period in 2023.

The company attributes this to its higher revenue of $257.9m in H1, compared to H1 2023’s $192.8m.

Low Keng Huat notably reported higher revenues from its Property Development ($225.4m) and Hotel ($23m) segments.

This was partially offset by the Investment segment decreasing to $9.5m due to the absence of construction revenue from external parties.

Basic earnings per share for the period stood at 0.0078 Singapore cents.

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