KSH Holdings warns of FY24 net loss amid soaring construction costs

The company will release its unaudited financial results on or before 30 May.

KSH Holdings warned shareholders of a net loss for FY24.

In a bourse filing, the company attributed its expected net loss to the group's construction arm, which faced increased project costs.

The increased costs were driven by prolonged construction periods and higher expenses for materials, labour, overheads, utilities, logistics, workers' dormitories, equipment rentals, and subcontractors.

The company is finalising its unaudited financial results for the period and will release it on or before 30 May.

In the meantime, the company advised its shareholders and potential investors to exercise caution when dealing with its shares.