KWAN YONG (09998) announces a profit, with expected annual net profit attributable to shareholders of about 12.9 million Singapore dollars, a significant increase compared to the same period last year.

KWAN YONG (09998) announces that the group is expected to achieve a net profit attributable to owners of the company of approximately 12.9 million Singapore dollars for the year ending June 30, 2025, compared to approximately 1.6 million Singapore dollars for the year ending June 30, 2024. The Board of Directors believes that the significant increase in net profit attributable to owners of the company for the year ending June 30, 2025 is mainly due to the stable profit margins of new construction projects, increased revenue recognition from projects under construction, and the implementation of enhanced cost control measures.