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.
The board of directors has declared an interim dividend of 0.1 cent per share for 1HFY2025.
