Singapore's Hor Kew half-year revenue rises 71% on higher prefabrication volumes

Hor Kew

14/08/2026 12:24

Overview
Singapore construction firm's half-year revenue rose 71% yr/yr to S$57.3 mln
Net income for the half-year more than doubled to S$8.8 mln
Gross margin for the half-year was 31%

Outlook
Company did not provide specific financial guidance

Result Drivers
HIGHER PREFABRICATION VOLUMES - Co said revenue increased mainly due to higher delivery volumes of prefabricated building components
IMPROVED CUSTOMER COLLECTIONS - Co said net impairment loss of financial and contract assets decreased due to improvement in customer collections
OTHER INCOME - Co reported a 75% increase in other income, supporting profitability

Company press release: ID:nSNbkvkcN

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$57.30 mln
 
H1 Net Income
 
S$8.80 mln
 
H1 Gross Margin
 
31.00%
 
H1 Gross Profit
 
S$17.80 mln
 
H1 Pretax Profit
 
S$9.80 mln
 

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Aug 13 - Singapore's Tiong Seng swings to profit in H1

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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.)