Soon Hock Enterprise Holdings says it expects to report a “significant improvement” for its revenue and net profit for the FY2025 ended Dec 31, 2025.
The expected y-o-y improvement is mainly attributed to the company’s temporary occupation permit (TOP) for its industrial development project, Stellar@Tampines. The TOP was obtained from the Building and Construction Authority (BCA) on Dec 11, 2025.
The higher top and bottom lines were also due to the recognition of sales revenue as eligible customers of the units from levels one to eight obtained controls of their respective units after receiving their notice of vacant possession (NOVP) by FY2025. There were no comparable projects completed in FY2024, says Soon Hock.
The company will release its results on or around Feb 23.
Shares in Soon Hock traded flat at 62.5 cents as at the mid-day break of Feb 2.
