The board of Soilbuild Construction S7P has announced that it expects to report a net profit after tax for the FY2023 ended Dec 31, 2023, compared to the net loss after tax recorded for FY2022.
The expected net profit after tax for FY2023 is mainly attributed to the recovery of the company’s operations from the adverse impact of Covid-19 in the previous financial years.
The company is in the process of finalising its unaudited consolidated financial results for FY2023, which it plans to announce on Feb 28.
Shares in Soilbuild Construction closed unchanged at 2.9 cents on Feb 19.
