2Q19 revenue rose 27.2% to $46.0 million, from $36.1 million a year ago.
This was mainly due to contributions from new projects, including the Pasir Ris-Bedok public waste collection sector and the waste treatment plants.
Other expenses climbed 12.0% to $6.8 million, in line with additional sector operational activities in the public waste collection sector and the waste treatment plants.
Employee benefits expense grew 15.8% to $20.9 million, mainly due to increased employee headcount following the commencement of operations of the new projects.
Earnings per share fell to 1.04 cent in 2Q19, compared to 1.38 cent a year ago.
As at end December, cash and cash equivalents stood at $7.8 million.
800 Super says the development of the laundry plant at Tuas South is in progress and remains on track for completion in the first quarter of 2019.
When completed, the laundry plant will utilise the green energy recovered from the waste treatment plants to provide industrial laundry services to customers in Singapore’s hospitality and commercial sectors.
The group says it expects to remain profitable for the next financial reporting period.
Shares in 800 Super closed flat at 68.5 cents on Tuesday.
