ICP's Profit Surges 93% in Fiscal H1; Shares Zoom 14%

MT Newswires

02/10

ICP's (SGX:5I4) profit attributable to owners of the company for the fiscal half ended Dec. 31, 2023 surged 93% to SG$770,000 from SG$399,000 a year earlier, a filing with the Singapore Exchange said on Friday.

Earnings per share rose to SG$0.0002 from SG$0.0001 in the comparable period.

Revenue was up nearly 8% year over year to SG$7.4 million from SG$5.2 million, mainly due to the improved performance of existing hotels and opening of new hotels.

Shares of the company surged over 14% in recent trading.

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