Singapore's Wei Yuan Holdings H1 revenue surges, helped by progress on power projects

Wei Yuan Holdings

27/08/2026 12:07

Overview
Singapore construction firm's half-year revenue rose 66% yr/yr to S$70.1 mln
Profit for the period increased to S$3.3 mln from S$0.26 mln yr/yr
Earnings per share improved to 0.3275 Singapore cents from 0.0256 cents

Outlook
Wei Yuan Holdings did not provide specific financial guidance or outlook for future periods in the press release

Result Drivers
POWER PROJECT PROGRESS – Revenue growth was driven by substantial progress on power-cable installation projects, partly offset by lesser telecommunication-project progress
 
VEHICLE LEASING – Ancillary support revenue rose S$2.4 mln due to increased vehicle leasing
 
IMPAIRMENT REVERSAL – Receivables and contract-asset impairment swung to a S$306,000 reversal, helped by fewer trade receivables aged over 150 days
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$70.1 mln
 

Reuters Recommended Reads
Aug 25 - Singapore's Lum Chang Holdings FY net profit soars, helped by construction rev strength
Aug 26 - Singapore's ISOteam FY26 revenue declines on project timing issues, margins lifted by cost cuts
Aug 26 - Eiffage reports half-year revenue up 2.3%, confirms outlook

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.)