PEC's Fiscal H1 Attributable Profit Slumps 45%; Shares Down 5%

MT Newswires

2025/02/14

PEC's (SGX:IX2) consolidated profit attributable to owners slumped 45% to SG$2.9 million for the fiscal half that ended Dec. 31, 2024, from SG$5.2 million a year earlier.

Earnings per share declined to SG$0.011 from SG$0.02 in the year-ago period, according to a Thursday filing with the Singapore Exchange.

Revenue slid 35% year over year to SG$188.8 million from SG$287.0 million, due to lower volume of projects and maintenance works.

Shares of the engineering services company were down over 5% in recent trading.

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