Meanwhile, the group’s revenue saw a 5.5% y-o-y increase to $154.5 million in 1HFY2025, on the back of a higher level of construction activity in Singapore, which drove increased demand for construction services, as well as higher sales generated by the group’s equipment trading division.
Gross profit in 1HFY2025 stood at $17.6 million, while gross profit margin was up at 11.4% from 8.9%, previously. This was due to an increase in construction activity and cost control.
Moving forward, the group expects ongoing challenges to continue, such as regulations limiting foreign manpower that will intensify competition for skilled labour, as well as potentially rising raw material costs. That said, the group says it is well-prepared to “capture opportunities from the stronger construction demand”.
As at Oct 3, the group’s order book stood at $310 million, with the bulk of projects expected to be delivered in the next 12 months.
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Shares in CSC Holdings closed flat at 1 cent on Nov 11.
