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Koh Brothers Eco’s half-year earnings down 65%

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Koh Brothers Eco’s half-year earnings down 65%

Gwyneth Yeo Published on Mon, Aug 08, 2016 / 7:45 PM GMT+8

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SINGAPORE (Aug 8): Koh Brothers Eco Engineering has posted a 65% earnings plunge to $340,000 for 1H16, compared with earnings of $974,000 in 1H15.

For the six month period to June, revenue declined 23% to $20.9 million as several projects were completed during the period.

But gross profits declined by just 19% to $3.9 million, following the completion of low margin projects in its Water and Wastewater Treatment and Hydro engineering segments.

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