Keong Hong's FY16 earnings fall 9% to $35 mil on lower sales

SINGAPORE (Nov 28): Construction company Keong Hong Holdings posted earnings of $34.7 million in FY2016, a 9% decline from $38.1 million recorded last year.

Group revenue fell 12% to $248.0 million for the financial year ended Sept 30, compared to revenue of $282.0 million in FY2015.

This was mainly due to lower recognition of construction revenue in the current reporting period.

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