Singapore's Pollux Properties returns to profit in H1 as finance costs drop, other income rises

Pollux Properties

13/08/2026 10:34

Overview
Singapore real estate developer's half-year revenue rose 2.8% yr/yr
Company reported profit for the period, reversing a loss in prior year

Outlook
Company Singapore property market is expected to remain stable over the next 12 months
 Group expects business conditions to remain generally stable over the next 12 months

Result Drivers
FINANCE COSTS - Co's finance costs declined 39.8% yr/yr due to loan repayment and lower interest rates
OTHER INCOME - Co's other income increased from S$0.01 mln to S$1.25 mln on a reversal of provisions, project costs no longer
required and gain on disposal of an investment property
OPERATING LOSS REDUCTION - Co's other operating loss narrowed by 39.0% yr/yr

Company press release: ID:nSN8qwh6Y

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$6.84 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.)