Koh Brothers scored a stunning 403% jump in 4Q12 net profit

Bringing FY12 net profit to S$19.7m.

In a release, construction and specialist engineering solutions firm Koh Brothers Group Limited (Koh Brothers) announced net profit attributable to equity holders of the Company (“Net Profit”) of S$19.7 million for the full year ended December 31, 2012 (FY2012).

Net Profit was achieved on the back of S$299.5 million in revenue for FY2012, compared to S$341.1 million for FY2011. Notwithstanding the lower revenue, gross profit for FY2012 rose 13% to S$50.1 million, as the Group’s continual efforts to drive productivity contributed to higher margins at its Construction and Building Materials division.

Gross profit margin for FY2012 rose 3.7 percentage points to 16.7%, from 13.0% for FY2011. Earnings per share on a fully diluted basis improved to 4.23 cents per ordinary share for FY2012, compared to 4.19 cents per ordinary share in the previous corresponding financial year.

Mr. Francis Koh, Managing Director and Group CEO of Koh Brothers, commented: “We are pleased to have turned in a sound performance for the year amidst challenges surrounding global markets and volatility in the local property sector. 2012 had been a year of exciting developments, as we launched our latest property development, the 486-unit sporting themed Parc Olympia condominium, secured new contracts, entered into strategic joint ventures and announced the proposed acquisition of an EPC (Engineering, Procurement & Construction) player to broaden our capabilities in the water and wastewater sector.”