Sing Holdings Forecasts Substantial Increase in Net Profit in H2 2025; Shares Surge 8%

MT Newswires01-23 14:37

Sing Holdings (SGX:5IC) is expecting to book a "substantial increase" in its consolidated net profit for the first half of the year ended Dec. 31, 2025, according to a Friday filing with the Singapore Exchange.

The company attributed this to recognition of revenue from the completion of a property in North Gaia, Singapore, and will release its financial statements on or around Feb. 24.

Shares of the construction and property development firm surged nearly 8% in Friday trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment