Developer defies Q3 gloom
The group's construction segment was key driver with revenue for the nine months hitting $60.6 million. -ST
Mon, Dec 15, 2008
The Straits Times
by Francis Chan
DEVELOPER Low Keng Huat has defied the gloom in corporate Singapore by reporting that third quarter net profits surged 245 per cent to $13 million.
Revenue for the three months to Oct 31 was $52.2 million, up from $26.4 million last year, it announced on Monday.
The nine-month numbers were equally as impressive with net profits up from $11.4 million last year to $23.4 million on the back of a 66 per cent jump in revenue to $148.1 million.
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