Overview
Singapore construction firm's half-year revenue fell 50.9% yr/yr
Company reported a loss after taxation for the half year
Gross profit turned negative amid revenue decline
Outlook
Company did not provide specific guidance or outlook in the provided financial statements
Result Drivers
REVENUE DECLINE - Half-year revenue fell 50.9% yr/yr to S$50.7 mln, contributing to negative gross profit and overall loss
NEGATIVE GROSS PROFIT - Gross profit turned negative as cost of sales exceeded revenue
Company press release:
Key Details
Metric
H1 Revenue
Beat/Miss
Actual
S$50.7 mln
Consensus Estimate
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