Pan-United's Attributable Profit Up 34% in H1; Shares Up 3%

MT Newswires07-31

Pan-United's (SGX:P52) attributable profit to equity holders for the first half of the year was up 34% year over year to SG$18.6 million from SG$13.9 million, a filing with the Singapore Exchange said on Tuesday.

Earnings per share came in at SG$0.0266, compared with SG$0.0198 in the year-ago period.

Revenue was up 7% year over year to SG$384.7 million from SG$360.2 million, thanks to a robust construction industry in Singapore.

An interim cash dividend of SG$0.007 per share was recommended for the first half of the year.

Shares of low-carbon concrete manufacturing company were up nearly 3% in recent trading.

Price (SGD): S$0.53, Change: S$+0.02, Percent Change: +2.91%

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