Construction and property development firm OKH Global sank to a 2Q loss of $2.15 million after chalking up earnings of $34.8 million a year ago.
The company says this was due to the absence of income from property development as none of its projects were completed over the period.
Revenue plunged 98.6% to $3.3 million from $230.2 million.
In the year-ago period, property development contributed revenue of $219.3 million after one of the group's projects, Woodlands Horizon, received its TOP (temporary occupancy permit).
The counter finished 0.9% lower at 55.5 cents.
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The company says this was due to the absence of income from property development as none of its projects were completed over the period.
Revenue plunged 98.6% to $3.3 million from $230.2 million.
In the year-ago period, property development contributed revenue of $219.3 million after one of the group's projects, Woodlands Horizon, received its TOP (temporary occupancy permit).
The counter finished 0.9% lower at 55.5 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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