Low Keng Huat Reports S$1.1 Million Net Loss for FY2025
Summary:
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Revenue: Increased to S$367.7 million in FY2025, up from S$97.3 million in FY2024.
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Gross Profit: Rose to S$60.1 million, compared to S$24.7 million in the previous year.
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Net Loss: Reduced to S$1.1 million in FY2025, from a net loss of S$32.3 million in FY2024.
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Property Development Revenue: Surged to S$297.3 million, primarily due to increased sales at Klimt Cairnhill.
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Hotel Revenue: Improved to S$46.6 million, driven by higher average room rates at Lyf@Farrer, Citadines Balestier, and Duxton Hotel Perth.
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Investment Revenue: Declined to S$23.8 million, mainly due to lower construction revenue from the Dalvey Haus project.
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Finance Costs: Increased to S$27.5 million, up from S$18.1 million in FY2024, due to higher loan interest rates.
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Dividends: The Board recommends a first and final dividend of 1.5 cents per share, totaling approximately S$11.1 million.
Note: All data is sourced from Low Keng Huat (Singapore) Limited's FY2025 Full Year Results Announcement.