Singapore's BH Global half-year revenue rises, returns to profit
Singapore's BH Global half-year revenue rises, returns to profit
Overview
Singapore electrical engineering firm's half-year revenue grew 12% yr/yr to S$27.3 mln
Gross profit for the six months rose 15% yr/yr to S$10.9 mln
Net income for the period was S$1.3 mln, reversing a prior-year loss
Outlook
Company did not provide specific financial guidance or outlook for the current or future periods
Result Drivers
REVENUE GROWTH - Higher revenue, up 12% yr/yr, was a key driver of improved results
LOWER OPERATING EXPENSES - Selling and distribution expenses fell 20% and administrative expenses dropped 10%, supporting profitability
GROSS PROFIT MARGIN - Gross profit rose 15% yr/yr, outpacing revenue growth
Company press release: ID:nSNc0cWz8
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| S$27.29 mln |
|
H1 Net Income |
| S$1.30 mln |
|
H1 Gross Profit |
| S$10.87 mln |
|
H1 Pretax Profit |
| S$1.67 mln |
|
Analyst Coverage
The stock recently traded at 0 times the next 12-month earnings vs. a P/E of 0 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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