Low Keng Huat

Re: Low Keng Huat

Postby winston » Sat Jun 14, 2014 8:30 pm

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Construction group Low Keng Huat (Singapore) Limited has posted a net profit of $14.6 million for the three months ended April 30 this year (Q1 FY2015), as year-on-year Q1 revenue increased by 36 per cent to $24.2 million.

However, the profit attributable to shareholders was 4 per cent lower than that for Q1 FY2014 owing to lower profits from the construction segment.

Construction revenue increased by $7.5 million to $11.9 million for Q1 FY2015 from $4.4 million last year. This was largely due to a $114.3 million contract awarded to the group in June 2013 for the design and building of a hotel block at Jurong Town Hall Road that is expected to be completed in the first half of 2015.

Source: Business Times
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Re: Low Keng Huat

Postby winston » Tue Jul 08, 2014 8:53 pm

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Low Keng Huat buys 36 units at Balestier Tower

LOW Keng Huat (Singapore) said on Tuesday that its subsidiary, Newfort Alliance (Moulmein), has today exercised options to purchase 36 balance units at Balestier Tower at slightly over S$63.9 million.

Low Keng Huat controls 99 per cent equity interest in Newfort while Tan JingWen (Chen JingWen) holds the other 1 per cent. Last August, Newfort had completed the purchase of 15 commercial units and a residential unit at Balestier Tower for a total sum of nearly S$77.4 million.

Newfort intends to redevelop Balestier Tower, which is on a site with a land area of almost 30,000 sq ft, into a mixed residential and commercial development.

The site's tenure is statutory land grant, which is akin to freehold tenure.

Source: Business Times
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Re: Low Keng Huat

Postby winston » Fri Dec 12, 2014 5:27 am

Low Kheng Huat’s 3Q earnings surge to $65.1 million on higher revenue recognition

SINGAPORE (Dec 11): Construction company Low Kheng Huat ( Financial Dashboard) reported a more than six times increase in third quarter earnings from a year ago.

For the 3Q15 ended Oct, earnings rose 523% to $65.1 million, or 8.81 cents per share, from $10.4 million in 3Q14.

Revenue rose to $408.5 million from $22.2 million for the quarter.

For the nine months ended Oct, earnings rose 102% to $83.5 million from $41.4 million. Revenue came in at $459.3 million, up from $57.7 million.

Construction revenue increased to $52.7 million due to the increase in construction activity at Genting Hotel at Jurong Town Hall Road.

Revenue for hotel & F&B businesses decreased to $33.8 million from $38 million during the previous year.

Development revenue came in at $372.6 million, due to the recognition of revenue from Parkland Residences, a DBSS development which obtained its TOP on Oct 29.

In its outlook, Low Kheng Huat said the cooling measures introduced by the Singapore government and the release of more land for development to cool the residential market continues to slow down the already sluggish property market.

Low Kheng Huat closed flat at 66 cents today.

Source: The Edge
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Re: Low Keng Huat

Postby behappyalways » Fri Mar 25, 2016 9:07 am

Low Keng Huat to sell Vietnam hotel unit for 1.1 trillion dong
http://sgx.i3investor.com/servlets/fdnews/59226.jsp
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Re: Low Keng Huat

Postby behappyalways » Sat Apr 01, 2017 8:22 pm

Low Keng Huat says 4Q earnings plunge 80% to $6.3 mil
http://www.theedgemarkets.com.sg/articl ... -80-63-mil
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Re: Low Keng Huat

Postby behappyalways » Sun Sep 17, 2017 4:33 pm

low-keng-huat-reports-99-fall-2q17-earnings-absence-one-gain
https://www.theedgesingapore.com/low-ke ... e-one-gain
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Re: Low Keng Huat

Postby behappyalways » Sun Dec 10, 2017 4:41 pm

low-keng-huat-reports-doubling-3q-earnings-higher-sales-lower-costs
https://www.theedgesingapore.com/low-ke ... ower-costs
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Re: Low Keng Huat

Postby behappyalways » Mon Feb 19, 2018 6:17 pm

Low Keng Huat acquires Cairnhill Mansions for $362 mil in en bloc sale
https://www.theedgesingapore.com/low-ke ... -bloc-sale
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Re: Low Keng Huat

Postby behappyalways » Tue Jun 26, 2018 5:35 pm

Low Keng Huat to acquire property adjacent to Cairnhill Mansions for $100 mil
https://www.theedgesingapore.com/low-ke ... ns-100-mil
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Re: Low Keng Huat

Postby behappyalways » Thu Sep 13, 2018 2:23 pm

Low Keng Huat posts more than eightfold surge in 2Q earnings to $4.2 mil on higher revenue
https://www.theedgesingapore.com/low-ke ... er-revenue
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