Singapore's Sapphire Corp half-year net income falls on higher expenses

Sapphire

12/08/2026 13:36

Overview
Singapore engineering firm's half-year revenue declined 7.9% yr/yr to RMB 186.0 mln
Gross profit for the period dropped 10.5% yr/yr
Net income fell 53.4% yr/yr amid higher administrative expenses

Outlook
Company did not provide specific financial guidance or outlook in the provided financial statements

Result Drivers
LOWER REVENUE - Revenue declined 7.9% yr/yr to RMB 186.0 mln, weighing on overall results
HIGHER ADMINISTRATIVE EXPENSES - Administrative expenses rose to RMB 10.5 mln from RMB 8.3 mln, contributing to lower net income
GROSS PROFIT DECLINE - Gross profit fell 10.5% yr/yr, reflecting weaker operating performance

Company press release: ID:nSN6LNFN8

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 186.04 mln
 
H1 Net Income
 
RMB 686,000
 
H1 Gross Profit
 
RMB 3.31 mln
 
H1 Pretax Profit
 
RMB 1.07 mln
 

Reuters Recommended Reads
Aug 11 - Singapore's OKP Holdings H1 net profit rises 43.8%
Aug 12 - Singapore's YKGI half-year profit falls on higher costs
Aug 10 - China's Launch Tech interim profit falls 10% as costs rise

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)