KWAN YONG (09998) announces interim results with a net profit of SGD 1.976 million, a year-on-year increase of 8.32 times.

KWAN YONG (09998) announced its interim financial performance for the six months ended on December 31, 2024, with revenue of 105.9 million Singapore dollars, a year-on-year increase of 63.8%; a net profit of 1.976 million Singapore dollars, a year-on-year increase of 8.32 times; and earnings per basic and diluted share of 0.25 Singapore cents. The announcement stated that the increase in revenue was mainly due to more construction projects being invested in during the current period compared to the previous period.