Koh Brothers Group Limited provided earnings guidance for the full financial year ended 31 December 2023. For the year, the company expects net loss for the full financial year ended 31 December 2023. The net loss for FY2023 was primarily due to the lower contribution and increased costs for ongoing construction projects, and finalisation of construction project accounts from the Construction and Building Materials division.

The increased costs were mainly due to prolonged construction periods for certain projects, which consequently led to higher materials, manpower and subcontractor costs.