Soilbuild Construction has announced that it is exploring the possibility of undertaking a listing of its precast and prefabrication business on the mainboard of the Singapore Exchange Securities Trading.
The company says that this process is still at an exploratory stage, and the potential listing is subject to, among other things, market conditions, commercial negotiations, the relevant regulatory and other approvals being obtained and the execution of definitive agreements by the relevant parties.
Soilbuild reported earnings of $28.3 million for the 1HFY2025 ended June 30, up 282.9% or 3.8 times higher than earnings the same period a year ago.
The group said that its 1HFY2025 revenue grew by 77.3% y-o-y as the group’s two core businesses, construction and precast & prefabrication, saw revenues growing by 76.7% y-o-y and 77.3% y-o-y previously.
As at June 30, the group’s order book stood at $1.19 billion, which includes three new construction contracts and seven new precast supply and delivery contracts totalling $360 million in value.
Shares in Soilbuild Construction closed 23 cents higher or 6.725% up at $3.65 on Oct 21.
