ZACD (08313) announces a positive profit forecast, expecting to turn a loss into a profit of approximately 590,000 Singapore dollars in the first half of the year compared to the same period last year.

ZACD (08313) announced that the group expects to achieve a net profit of approximately SGD 590,000 in the first half of 2026, compared to a net loss of about SGD 730,000 in the same period last year. The announcement stated that the expected turnaround to profitability is primarily due to (i) an increase in group revenue of SGD 210,000 or 15.2%; (ii) a reversal of impairment losses on financial assets of approximately SGD 1.83 million, whereas the net loss for the same period last year was about SGD 140,000; (iii) a reduction in employee costs of approximately SGD 250,000, while the net loss for the same period last year was about SGD 250,000 or 14.3%.