KEONG HONG HOLDINGS LIMITED
Incorporated in the Republic of Singapore
(UEN 200807303W)
PROFIT GUIDANCE ON UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS AND FULL YEAR ENDED 30 SEPTEMBER 2024
The Board of Directors of Keong Hong Holdings Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that based on a preliminary review of the draft unaudited consolidated financial results of the Group for the six months and full year ended 30 September 2024 ("FY2024"), the Group is expected to report a net loss for FY2024.
The expected net loss is attributable to loss making pre-pandemic building construction projects due to higher construction costs for materials and labour which are on-going in the current reporting period although the new projects awarded in 2023 and 2024 have started to report positive profit margins.
The Company is in the process of finalising its unaudited financial results for FY2024, and will provide further details on the Group's financial performance when it releases its results for FY2024 on or before 28 January 2025.
Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. Persons who are in doubt as to the action they should take should consult their stockbrokers, bankers, solicitors or other professional advisers immediately.
BY ORDER OF THE BOARD
Heng Michelle Fiona / Lim Guek Hong
Company Secretaries
22 January 2025