Environmental engineering company, Sanli Environmental 1E3 , has reported a net profit after tax (NPAT) of $1.7 million for the 1HFY2025 ended September, up 7.9% y-o-y from the same period last year.
Earnings per share for the period stood at 0.64 cents, up from o.61 cents in 1HFY2024.
Revenue for 1HFY2025 was up 47.1% y-o-y to $74.5 million, while gross profit stood at $8 million, up by 11.1% y-o-y.
According to the group, this growth was driven by increased revenues and gross profits in the group’s engineering, procurement and construction (EPC) and operations and maintenance (O&M) business segments.
That said, gross profit margin dropped to 10.7% in 1HFY2025, as compared to 14.2% from the same period last year.
Revenue in the group’s EPC segment grew by 28.9% y-o-y to $52.7 million in 1HFY2025, while the O&M segment experienced a surge of over 100% y-o-y to $21.8 million. This came on the back of higher O&M contracts within the period.
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As at Sept 30, the group’s net asset value (NAV) per share stood at 12.32 cents, up from 12.00 cents as at March 31.
Looking ahead, the group says it is expanding its footprint in the manufacturing, industrial, and renewable energy sectors abroad, alongside larger-scale municipal projects.
The group adds that it is also pursuing opportunities through partnerships, joint ventures, and mergers and acquisitions.
Shares in Sanli Environmental closed 0.2 cents higher, or up 2.56%, at 8 cents on Nov 14.
