Singapore's Hong Fok half-year revenue rises on higher Concourse Skyline sales

Hong Fok

14/08/2026 11:23

Overview
Singapore property developer's half-year revenue rose 17% yr/yr to S$54.7 mln, driven by higher Concourse Skyline sales
Net income for the period increased 43% to S$7.1 mln
Results reflect higher profit on sale of development properties

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

Result Drivers
PROPERTY SALES - Co said higher profit on sale of development properties drove results
HIGHER CONCOURSE SKYLINE SALES - Co said revenue increased mainly due to revenue recognised from the sale of more residential units in Concourse Skyline

Company press release: ID:nSN2DBGyt

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$54.74 mln
 
H1 Net Income
 
S$7.07 mln
 
H1 Pretax Profit
 
S$10.14 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.)