Keong Hong Holdings losses widen to $9.5m in 1H24

Besides wider losses, the company reported a 40.9% YoY revenue drop.

Keong Hong Holdings widened its losses to $9.5m in 1H24 from $4.4m in 1H23.

In a previous bourse filing, the company warned shareholders of a net loss in 1H24 due to "loss-making pre-pandemic building construction projects due to higher construction costs for materials and labour."

Apart from wider losses, the company also reported a 40.9% YoY drop in its revenue, reaching $69.8m.

The company attributed the decline to lower revenue recognised in 1H24 for The Antares, Wilshire Residences, Sky Everton and National Skin Centre Phase 1.

Meanwhile, the company also sustained a gross loss of $1.7m, given the 39.2% YoY decline in cost of sales.

Follow the link for more news on

Financial Statements

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia