Newly-listed Lum Chang Creations (LCC) has reported earnings of $12.9 million for the full year ended June 30, up 173% y-o-y. For the 2HFY2025 period, earnings grew 429% y-o-y to $7.6 million.
The group’s revenue surged 93% y-o-y for FY2025 to $113.6 million, and 206% y-o-y for 2HFY2025 to $72.7 million.
This growth was primarily driven by additional revenue from ongoing projects and the commencement of new projects during FY2025.
LCC’s gross profit rose to $22.4 million in FY2025, mainly attributable to procurement savings from ongoing and new projects. As such, gross profit margin grew 1.6 percentage points to 19.7%.
Cash balances as at June 30 stood at $27 million, with cash generated from operations rising to $22.6 million in FY2025.
The group’s order book stood at $112.8 million as at June 30.
See also: Lum Chang Holdings net profit up 102% y-o-y for FY2025 to $18.7 mil
LCC’s board of directors has proposed a final dividend of 2.2 cents per share, representing 53.7% of earnings.
Shares in LCC closed 0.5 cents higher or 0.917% up at 55 cents on Aug 29.
