Koh Bros: 4Q rev at $66.9m -32.2% yoy -43.2% qoq with net profit at $1.3m -33.8% yoy -90.2% qoq although FY11 net profit at $19.9m was +80.2% yoy. The fall in rev was due to lower progress sales recognition by the construction and building material division and a higher base in 3Q11. Gross margins also fell to 6.9% against last quarter’s 19.1%, co has a gross margin of above 10% in prev quarters.
Co has declared div of 0.35c per share. FY11 EPS of 4.19c per share approx 4.8x trailing P/E.
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