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CTR Holdings revenue grows on increased construction activity

By Reuters News


Overview

  • Singapore construction firm's half-year revenue rose to S$137.4 mln from S$133.4 mln

  • Profit for the period grew to S$10.9 mln from S$6.9 mln; gross profit margin rose to 14.8% from 10.3%

  • Earnings per share rose to 0.8 SGD cents from 0.5 SGD cents


Outlook

  • CTR Holdings plans to acquire CT Contractors for HK$60.5 mln, with HK$27.5 mln cash due within six months of completion


Result Drivers

  • CONSTRUCTION ACTIVITY AND LARGE PROJECTS – Revenue growth reflected higher construction activity and more large-scale projects secured

  • TIMELY DELIVERY AND HIGHER-MARGIN CONTRACTS – Gross margin rose to 14.8% from 10.3% as major projects were delivered on time, key contracts accelerated and higher-margin contracts were secured

  • HIGHER STAFF AND DEPRECIATION COSTS – Administrative expenses increased on higher employee benefits and depreciation of fixed assets


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

S$137.40 mln


Reuters Recommended Reads

  • Oct 29 - Singapore's Keppel nine-month profit jumps on infra boost

  • Oct 27 - Singapore's Mapletree Industrial Trust Q2 revenue falls 1.9% yr/yr

  • Oct 29 - Singapore's Sheng Siong Q3 revenue rises 6.2% on store expansion


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.)

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