SG Morning Call | Boustead Singapore H2 Profit up 64% to S$37.3M; Yangzijiang Shipbuilding’s Order Book Swells to Record US$16.1B

SG Local News

Boustead Singapore H2 Profit up 64% to S$37.3 Million on Improved Revenue

Boustead Singapore posted a 64% rise in profit attributable to equity holders in the fiscal second half mainly due to higher gross profit and interest income, and increased average shareholding in Boustead Projects, according to a Monday filing with the Singapore Exchange.

The engineering services company's attributable profit rose to SG$37.3 million, or SG$0.0782 per share, from SG$22.7 million, or SG$0.0475 per share, a year earlier.

Revenue for the six months ended March 31 climbed 27% year over year to SG$399.6 million from SG$314.8 million, thanks to higher revenue contributions from the geospatial, real estate solutions, and energy engineering segments, the filing said.

Yangzijiang Shipbuilding’s Order Book Swells to Record US$16.1 Billion

MARITIME vessel maker Yangzijiang Shipbuilding : BS6’s order book now stands at a record value of US$16.1 billion as at May 24.

The mainboard-listed shipbuilder said in a quarterly business update on Monday (May 27) that it now has 193 vessels in its backlog to be delivered by 2028, with a total compensated gross tonnage of 7.45 million.

Container ships made up the largest number (66 vessels with a value of US$9.3 billion) followed by oil tankers (58 vessels, US$2.8 billion), then bulk carriers (47 vessels, US$1.9 billion) and finally gas and ethane carriers (22 vessels, US$2.1 billion).

Ley Choon Group H2 Profit Rises to S$5.5 Million, Declares First Dividend Since 2014

ROAD works construction company Ley Choon Group : Q0X on Monday (May 27) reported a net profit from continuing operations of S$5.5 million for the second half ended Mar 31, up 18.4 per cent from S$4.7 million year on year.

This translates to an earnings per share (EPS) from continuing operations of S$0.00367, compared to S$0.0031 in H2 FY2023.

Including discontinued operations, net profit for the half-year was 21 per cent higher at S$5.5 million, from S$4.6 million.