Chuan Holding (01420) announces a profit surge. It is expected that the shareholders' net profit will increase significantly by approximately 132.9% in 2025.
Chuan Holdings (01420) announced that the group is expected to achieve a net profit attributable to the company's owners of approximately 19 million Singapore dollars for the year ending December 31, 2025, a significant increase of approximately 132.9% compared to the previous year's profit of approximately 8.1 million Singapore dollars for the year ending December 31, 2024. This significant growth is mainly due to the expected total revenue of approximately 170 million Singapore dollars for the reporting year, an increase of approximately 18.3% compared to the revenue of approximately 143.8 million Singapore dollars in 2024, mainly attributed to the full-year contribution of the property investment division, which only contributed for seven months in the previous year, as well as the strong performance of the earthwork engineering and supporting services division.
CHUAN HOLDING (01420) announces that the group is expected to achieve a net profit attributable to owners of the company of approximately 19 million Singapore dollars for the year ending December 31, 2025, a significant increase of about 132.9% compared to the year ending December 31, 2024, which was approximately 8.1 million Singapore dollars. This substantial increase is primarily due to the group's expected total revenue of about 170 million Singapore dollars for the reporting year, an increase of about 18.3% compared to 2024, largely attributable to the full-year contribution of the property investment division, which had only seven months of contribution in the previous year, as well as the strong performance of the earthworks and infrastructure services division.
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