Ley Choon Group has reported a net profit after tax (NPAT) of $7.3 million for 1HFY2025 ended September, up 35.9% y-o-y from the same period last year.
Earnings per share stood at 0.486 cents, up from 0.358 cents in 1HFY2024.
This came on the back of higher revenue, which saw a 2.5% y-o-y increase to $64.4 million for 1HFY2025. This was driven by higher construction activities in road works and cable laying projects. That said, revenue growth was partially offset by lower revenue from the group’s airport project, as well as certain pipe laying projects, which are nearing completion.
Gross profit for the period stood at $13.3 million, up from $10.3 million in 1HFY2024, while gross profit rose to 20.6% in 1HFY2025 from 16.3% in the same period last year. This came on the back of higher revenue from the group’s projects and a favorable mix of relatively higher margin projects, both of which contributed to improved profitability for the period, says the group.
As at Sept 30, the group’s cash and cash equivalents stood at $3.5 million, as compared to $9.4 million as at March 31.
For the same period, the group has reported an unfulfilled order book of approximately $220.1 million.
See also: Kimly reports higher FY2024 revenue but earnings down on higher depreciation and other costs
Looking ahead, the group says it remains “cautiously optimistic” despite global uncertainties, and is expected to maintain a “strong focus on the efficient execution of ongoing projects and enhancing operational efficiencies”.
It adds that the group will remain “vigilant in managing operating costs, cash flow, and potential business risks in the current environment”.
Shares in Ley Choon closed flat at 4.6 cents on Nov 13.
