JBB Builders International Swings to Profit in Fiscal 2024

MT Newswires Live

Sep 26, 2024

JBB Builders International (HKG:1903) recorded a profit attributable to owners of 3.0 million yuan for the year ended June 30, against an attributable loss of 8.2 million yuan logged for the previous fiscal year, a Thursday filing with the Hong Kong Exchange said.

Earnings per share stood at 0.0060 yuan for the reporting period, compared with a loss per share of 0.0165 yuan recorded for the year-ago period.

The marine construction projects expert's revenue for this fiscal year was 329.3 million yuan, 51.2% higher than 217.8 million yuan booked a year ago.

The company attributed the increase in revenue to an increase in sand transportation in Singapore, an increase in the volume of work generated from the awarded projects during the reviewing period, and revenue contribution of some completed projects during the period.

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