Aug 11, 2010

Koh Brothers Q2 net profit falls 27% on building materials rivalry

By ANGELA TAN
Koh Brothers Group Ltd said on Wednesday that its net profit for the second quarter of 2010 fell 27 per cent from a year ago to S$2.41 million as intense rivalry hit margins in its building materials unit.

Sales for the quarter was up 18 per cent at S$91.84 million.
The construction group warned of continued 'intense' price competition in its building materials division going forward.

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