Koufu announces maiden post-IPO results with S$6.2 mil earnings for 2Q

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SINGAPORE (Aug 29): Koufu Group reported 2Q18 earnings of S$6.2 million, down by 2.6% from S$6.3 million a year ago, on higher property-related expenses and depreciation charges.

This brings the group’s earnings for 1H18 to S$12.4 million, representing a 1.4% decline from S$12.5 million in 1H17, due to similar reasons.

Together, Koufu’s 2Q18 and 1H18 financials make up the group’s maiden results announcement since it...(click on link for full story on theedgesingapore.com)