Singapore's Hiap Hoe H1 net profit jumps 217% on higher other income

Hiap Hoe

14/08/2026 11:07

Overview
Singapore property and hospitality group's H1 revenue rose 5.3% yr/yr to S$65.3 mln
Net profit for H1 surged 217% yr/yr to S$17.2 mln
Profit growth driven by higher other income, interest income, and foreign exchange gains

Outlook
Company did not provide specific financial guidance or outlook

Result Drivers
OTHER INCOME - Higher other income contributed to profit growth
HIGHER HOTEL OCCUPANCY - Co said hotel revenue increased mainly attributable to the higher occupancies achieved

Company press release: ID:nSNbcJZCD

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$65.30 mln
 
H1 Net Income
 
S$17.20 mln
 
H1 Pretax Profit
 
S$21.40 mln
 

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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.)