Keck Seng’s 4Q profit more than doubles, lifted by impairment reversal and lower cost of sales
Keck Seng (M) Bhd’s net profit more than doubled for the fourth quarter ended Dec 31, 2023 (4QFY2023) from the preceding quarter, despite lower revenue, due largely to a reversal of impairment loss recognised on an overseas hotel, lower cost of sales, and lower foreign currency translation losses.