Keong Hong’s net profit up 10.7% to $3.5m
Thanks to higher revenue recognition.
Mainboard-listed Keong Hong reported that its net profit grew 10.7% year-on-year to $3.5m in the second quarter.
The rise in profit was mainly attributable to higher revenue recognition from ongoing projects such as Alexandra Central, J Gateway, Skypark Residences and The Amore.