CSC Holdings is expecting to report a net profit in the 1HFY2025 ended Sept 30 compared to its loss of $3.7 million in the 1HFY2024.
The turnaround is due to better margins for the projects secured during the period as well as foreign exchange gain from the strengthening of the Malaysian ringgit and the Thai baht against the Singapore dollar (SGD).
On Sept 6, CSC Holdings announced that it had won foundation contracts valued at over $150 million since the beginning of its financial year on April 1.
The group will release its results on or before Nov 15.
Shares in CSC closed flat at 0.9 cents on Oct 30.
