Singapore's Lum Chang Holdings FY net profit soars, helped by construction rev strength

Lum Chang Holdings

25/08/2026 15:09

Overview
Singapore construction and property developer's full-year revenue grew 40% yr/yr
Gross profit and pretax profit increased significantly for the year
Net profit rose 177% yr/yr to S$51.9 mln

Outlook
Company did not provide specific guidance or outlook for future periods in the press release

Result Drivers
JOINT-OPERATION PROJECT – Construction revenue rose 53% to S$522.2 mln, mainly contributed by the L&K-LCB Joint Venture LLP project
MALAYSIA HOUSING SALES – Property revenue rose 72% to S$24.7 mln, mainly due to affordable-housing sales from a Malaysian development launched during FY2026

Company press release: ID:nSN18GKR1

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
S$645.9 mln
 
FY Gross Profit
 
S$105.2 mln
 
FY Pretax Profit
 
S$64.1 mln
 

Analyst Coverage
Wall Street's median 12-month price target for Lum Chang Holdings Ltd is S$0.39, about 31.6% below its August 25 closing price of S$0.57

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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.)