Singapore's Fu Yu returns to profit in H1 on lower selling, administrative expenses

Fu Yu

07/08/2026 10:49

Overview
Singapore plastics manufacturer reported unaudited H1 revenue of S$60 mln, down 0.8% yr/yr
Company posted small profit for H1, reversing prior year loss
Results are unaudited interim financial statements for six months ended 30 June 2026

Outlook
Market conditions remain challenging amid economic uncertainty and pricing pressure
Company is focused on operational efficiency, cost optimisation and productivity improvements
Company is expanding its customer base and pursuing higher value-added projects to drive growth

Result Drivers
LOWER EXPENSES - Reduction in selling and administrative expenses helped support profitability
OTHER OPERATING INCOME - Positive swing in other operating income contributed to profit

Company press release: ID:nSN2RslFp

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$60 mln
 

Analyst Coverage
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 3 three months ago

Reuters Recommended Reads
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Aug 4 - Core Molding Q2 production revenue falls 1.2% on weak truck demand

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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.)