Koh Brothers Eco Engineering has reported earnings of $1.2 million for 1HFY2022, held relatively steady from the year earlier period.
Revenue for the same six months to June 2022 was down 7% y-o-y to $101.9 million.
Gross margin improved to 6.3% for 1HFY2022 from 5% managed in 1HFY2021.
CEO Paul Shin is confident that the company will win more mechanical, electrical and instrumentation control and automation related contracts, as more organisations put more focus on sustainability.
“Looking ahead, we will continue to focus on higher value projects by leveraging on our strong expertise, and embracing technology and innovation to enhance our competitive edge as we position ourselves to tap on opportunities in the public sector,” he adds.
Last October, the company won a $200.7 million contract from PUB.
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As at June 30, 2022, its order book was $709.2 million.
Koh Brothers Eco Engineering closed at 4 cents on Aug 5, up 8.11%.
