Chuan Hup's Attributable Profit Zooms 156% in Fiscal H1 Despite Revenue Drop

MT Newswires

2025/02/10

Chuan Hup's (SGX:C33) profit attributable to equity holders for the fiscal half year ended Dec. 31, 2024 surged 156% to $971,000 from $380,000 a year earlier, a filing with the Singapore Exchange on Friday.

Earnings per share rose to $0.0011 from $0.0004 in the comparable period.

Revenue, however, declined 27% year over year to $2.7 million from $3.7 million, mainly due to lower interest income and lower gains from investment trading, along with lower rental income from student accommodation business.

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