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SINGAPORE: Construction and property development firm KSH Holdings posted a 13 per cent on-year fall in second quarter net profit to S$7.3 million.
This was on the back of a 31 per cent drop in revenue, for the three months ended September to S$64.9 million.
KSH said its construction business in Singapore continued to be its strongest revenue contributor in the period.
Whilst remaining cautious, the company expects to remain profitable for the current financial year, barring unforeseen circumstances.
The firm's current order book stands at about S$383 million.
- CNA/sc
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