Correspondingly, the group’s gross profit increased from $1.3 million in 1H16 to $5.9 million in 1H17, buoyed by decreased costs.
As at Dec 31, Swee Hong has an order book position which stands at $91.1 million.
“The company’s management and board is pleased with the continuing progress made during the current financial year, and will continue to strive to further improve the financial health of the group and increase the capabilities to capitalise on the wealth of new opportunities in infrastructure development,” comments Swee Hong’s executive director, Anil Agrawal.
Shares of Swee Hong closed 8.33% lower at 1 cent on Tuesday.
