Koh Brothers

Koh Brothers: 4Q13 net profit slipped 2% y/y to $6.3m on revenue slump of 23% to $88.8m, primarily due to lower revenue from its real estate division. The bottom line was boosted by a deposit forfeit ($1.1m), fair value gain on investment properties ($0.8m) and a write-back of trade receivables ($1m). Group proposed final dividend of 0.5special dividend of 0.2¢ and final of 0.5¢, compared to 0.35¢ in FY12.