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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


Reuters Recommended Reads

  • Aug 13 - Singapore's CSE Global 1H revenue rises on electrification segment growth

  • Aug 13 - Singapore's Shanaya Limited swings to H1 profit as revenue rises

  • Aug 12 - NeraTel 1H revenue rises, returns to profit on Singapore growth


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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