Construction and property firm KSH Holdings has guided for a net loss for the 1HFY2025 ended September.
Despite a turnaround in the group’s construction business, which saw a positive contribution margin, the group says the overall net loss for 1HFY2025 was mainly attributable to losses incurred by the property development projects of associates and joint ventures.
This came on the back of pre-launch expenses, finance costs, sales and marketing expenses, and other operating costs that were recognised before revenue from units sold could be recognised in accordance with the adopted accounting standards, adds the group.
The group plans to report 1HY2025 financial results on or around Nov 14.
Shares in KSH Holdings closed 0.5 cents higher, or up 2.58%, at 19.9 cents on Nov 6.
