Loss per share stood at 1.17 cents, as compared to a loss per share of 2.23 cents in 1HFY2024.

KSH Holdings has reported a net loss of $6.5 million for the 1HFY2025 ended September, up 48.6% y-o-y from a loss of $12.6 million in the same period last year. 

Loss per share stood at 1.17 cents, as compared to a loss per share of 2.23 cents in 1HFY2024. 

Meanwhile, the group’s revenue was down 64.3% y-o-y at $52.7 million for 1HFY2025, due to lower revenue from the KSH’s construction business, which registered a $95.8 million decrease to $50.0 million in the same period. This came on the back of the completion of various projects awarded just before or during the Covid-19 pandemic, while projects awarded and commenced post-pandemic period were still in the early stages of construction.

For the period, cost of construction saw a decrease of $104.3 million to $45.2 million, due to a reduction in construction works. That said, the group says the construction business has since turned around with a positive gross profit margin in 1HFY2025.

Finance costs decreased by $1.5 million to $2.6 million in 1HFY2025, mainly attributed to lower gearing while other operating expenses decreased by $0.3 million to $3.1 million due to a decline in unrealised foreign exchange losses.

As at Sept 30, the group’s fixed deposits, cash and bank balances, totalled over $120.7 million, while gearing ratio stood at 0.28 times. The group’s total loans and borrowings dropped to $85.3 million for 1HFY2025, from $133.6 million in the same period last year. 

KSH Holdings says the group will be proposing an interim cash dividend of 0.5 cents. 

Shares in KSH Holdings closed flat at 19.8 cents on Nov 14.