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Koh Brothers clinches $51.9m HDB contract

Posted on 6 Oct 2009 | Comments Off

It’s the third project the construction firm has won from HDB so far this year

CONSTRUCTION company Koh Brothers Group Ltd has won a $51.9 million contract from the Housing and Development Board (HDB) for building works at Choa Chu Kang.

This contract takes Koh Brothers’ order book to $630.9 million. The job is not expected to have a material impact on the group’s financial performance for the year ending Dec 31, 2009.

Construction work on the project is slated to start this month, and is expected to be completed by end 2011. Under the contract, Koh Brothers will build four 16-storey residential blocks, one multi-storey car park and a substation for HDB.

This is the third contract that the construction firm has won from HDB so far this year, and takes the total value of contracts awarded to Koh Brothers from HDB to $255.4 million. In July, the company said that it was awarded the second part of an HDB contract to build Punggol Waterway after it won the the first part of the waterway construction in January. The Punggol Waterway is a 4.2km waterway that will be connected to Sungei Punggol. Continue reading →

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Koh Brothers posts $4.3m H1 profit

Posted on 14 Aug 2009 | Comments Off

Construction, property development and specialist engineering solutions group Koh Brothers Group Limited has posted net profit of $4.3 million for the half year ended June 30, 2009, up from a net profit of $335,000 in the same year-ago period.

The improved bottomline was achieved on the back of a 17 per cent increase in revenue to $138.6 million from $118.5 million in the previous corresponding period.

Source : Business Times – 14 Aug 2009