Overview
Singapore steel products maker's half-year revenue rose 14.8% yr/yr to S$38.3 mln
Pretax profit for the half-year fell 12.1% yr/yr to S$2.0 mln
Net profit for the period declined 14.3% yr/yr to S$1.7 mln
Outlook
Group expects competitive conditions and cost pressures to persist over the next reporting period and the next 12 months
Result Drivers
HIGHER COSTS - Total expenses increased 16.8% yr/yr, offsetting revenue growth
DEPRECIATION IMPACT - Depreciation of property, plant and equipment rose 39.8% yr/yr
PURCHASES AND RELATED COSTS - Purchases and related costs increased 15.6% yr/yr
Company press release:
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
S$38.30 mln
H1 Pretax Profit
S$2 mln
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