Low Keng Huat posts 60% drop in 3Q earnings to $2.6 mil

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Low Keng Huat posts 60% drop in 3Q earnings to $2.6 mil

By Stanislaus Jude Chan | December 10, 2018

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SINGAPORE (Dec 9): Property developer Low Keng Huat (Singapore) saw its earnings fall 60% to $2.6 million for the 3Q18 ended October, from $6.6 million a year ago.

The decline was on the back of lower revenue during the quarter. 3Q18 revenue fell 31% to $9.2 million, from $13.5 million a year ago.

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