Lum Chang Holdings has reported a net profit of $18.7 mil for the full year ended June 30, up 102% y-o-y. For the 2HFY2025, net profit grew 251% y-o-y to $12.1 million.
The group’s revenue declined 8% y-o-y to $462.9 million for FY2025, and 16% y-o-y to $223.8 million for the 2HFY2025.
The group says that revenue decline was mainly attributable to lower revenue generated from the construction segment of $78.3 million and property segment of $7.7 million.
Gross profit came in at $53.3 million for FY2025, a 30% y-o-y increase supported by improved contributions across key segments.
Other income increased 30% y-o-y to $3.8 million in FY2025, due to higher government grants and interest income from bank deposits.
Distribution and marketing expenses increased by 74% y-o-y in FY2025 mainly due to higher marketing expenses incurred for the group's residential development in Malaysia, while administrative and general expenses increased by 18% y-o-y due to employee compensation.
Total borrowings decreased to $40 million as at end June from repayment of short-term borrowings and bank loans in FY2025.
As at June 30, cash and cash equivalents stood at $80.1 million, taking into account net cash generated from operations among others.
The directors have proposed a final ordinary dividend for FY2025 of 1.0 cents per share and a special dividend of 1.0 cents per share.
Shares in Lum Chang closed 0.5 cents higher or 1.064% up at 47.5 cents on Aug 29.
