Singapore's Mencast Holdings half-year revenue falls on lower new-build propeller deliveries

Mencast Holdings

14/08/2026 10:34

Overview
Singapore marine engineering firm's half-year revenue fell 14% yr/yr to S$21.4 mln
Gross profit for the half-year declined 6% yr/yr to S$6.4 mln

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

Result Drivers
INTEREST INCOME DROP - Co reported a 72% decrease in interest income from bank deposits
OFFSHORE & ENGINEERING IMPROVEMENT - Co said profitability improved due to improved performance of the precision engineering business and reduced losses following the continued scaling down of operations in Indonesia
LOWER NEW-BUILD PROPELLER DELIVERIES - Co said Marine segment revenue decreased mainly due to lower deliveries of high-value new-build propellers during the period

Company press release: ID:nSNbm6Bz5

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$21.39 mln
 
H1 Gross Profit
 
S$6.42 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.)