Gross profit increased to $18.6 million in 1HFY2025 due to improved gross profit margins from the Construction and Building Materials division as well as the Real Estate division.
Other income rose 41.5% y-o-y to $1.5 million mainly due to increase in interest income.
As at June 30, cash and bank balances increased to $81.6 million. The group’s net gearing ratio lowered to 0.19 times as at end June.
“Our order book was further strengthened most recently with the award of the $999.1 million contract through an integrated joint venture with Penta Ocean for the construction of intra-terminal tunnels at Changi Airport’s upcoming Terminal 5. Supported by an order book exceeding $1 billion with visibility extending to 2029, we are committed to delivering sustainable value to our shareholders,” says Francis Koh, executive chairman and group CEO.
See also: ASL Marine reports earnings of $20.4 mil for 1QFY2026 up 13.3% y-o-y
The board of directors has declared an interim dividend of 0.1 cent per share for 1HFY2025.
