Singapore's Far East Group half-year revenue rises on engineering solutions growth

Far East

14/08/2026 14:24

Overview
Singapore HVAC equipment supplier's half-year revenue rose 13.4% yr/yr to S$46.7 mln
Profit attributable to owners rose 5.5% to S$521,000 for the half year
Basic EPS increased to 0.47 cents from 0.44 cents yr/yr

Outlook
Company did not provide specific financial guidance or outlook for the current or future periods

Result Drivers
ENGINEERING SOLUTIONS GROWTH - Co said Engineering Solutions revenue increased 18.9%, mainly driven by larger contribution from telecommunication term contracts
STRONGER INDONESIA, CHINA DEMAND - Co said Wholesale and Distribution revenue increased due to larger demand from Indonesia and China

Company press release: ID:nSNbtBS1R

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$46.70 mln
 
H1 Gross Margin
 
16.30%
 
H1 Gross Profit
 
S$7.60 mln
 
H1 Income from Operations
 
S$1.09 mln
 
H1 Pretax Profit
 
S$467,000
 

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(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.)