Singapore's Hock Lian Seng half-year revenue falls 50.9%, posts loss

About this update from Hock Lian Seng Holdings Limited

OverviewSingapore construction firm's half-year revenue fell 50.9% yr/yrCompany reported a loss after taxation for the half yearGross profit turned negative amid revenue declineOutlookCompany did not provide specific guidance or outlook in the provided financial statementsResult DriversREVENUE DECLINE - Half-year revenue fell 50.9% yr/yr to S$50.7 mln, contributing to negative gross profit and overall lossNEGATIVE GROSS PROFIT - Gross profit turned negative as cost of sales exceeded revenueCompany press release:Key DetailsMetricH1 RevenueBeat/MissActualS$50.7 mlnConsensus EstimateReuters Recommended ReadsAug 4 - Primoris Q2 loss bigger than expected on project delays, cost overrunsAug 4 - UK's Keller Group H1 revenue rises 11% on North America demandAug 4 - Australia's Maas Group lifts earnings outlook after $600 million Firmus orderFor questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

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