1Q FY2015 revenue increased 10.8% to S$167.6 million on higher revenue from construction segment and workers’ dormitory business
Share of results of associates and JVs improved to S$5 million on recognition of profits from development projects NEWest, KAP Residences, The Midtown and Midtown Residences
Construction order book stood at approximately S$1.0 billion to provide sustainable flow of activities through FY2017
Group’s cash and cash equivalent stood at S$150.9 million as at 31 August 2014, ready to fund potential business opportunities
Group expects core construction business to continue to drive revenue growth and recognition of profits from property development projects to continue to contribute positively to earnings
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