Singapore's Ocean Sky half-year profit falls
Singapore's Ocean Sky half-year profit falls
Overview
Singapore construction firm's half-year revenue rose 6.1% yr/yr to S$19.1 mln
Gross profit declined 13.2% to S$2.6 mln
Pretax profit dropped 45.4% to S$426,000
Outlook
Company says operating conditions are expected to remain challenging, given prevailing cost pressures and market conditions
Result Drivers
HIGHER SERVICE COSTS - Cost of services increased 10%, contributing to lower gross profit
LOWER OTHER INCOME - Other income declined 30.1% yr/yr, impacting overall profitability
Company press release: ID:nSN6hXRN2
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| S$19.10 mln |
|
H1 Gross Profit |
| S$2.62 mln |
|
H1 Pretax Profit |
| S$426,000 |
|
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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.)