CTR HOLDINGS (01416) Issues Earnings Upgrade, Expects Interim Profit of No Less Than Approximately SGD 6.9 Million

Stock News10-24

CTR HOLDINGS (01416) announced that according to a preliminary review of the group's unaudited management accounts for the six months ending August 31, 2025, the group expects to achieve a profit of no less than approximately SGD 6.9 million during this period. This is a significant increase from the profit of about SGD 3.2 million recorded in the corresponding period ending August 31, 2024. The main reason for this increase is attributed to a gross profit increase of approximately SGD 5 million during the period, resulting from timely deliveries on large construction projects and accelerated execution of major contracts, leading to revenue growth.

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