Wing Tai's Fiscal H1 Attributable Profit Nearly Halves Despite Higher Revenue

MT Newswires

2025/02/12

Wing Tai's (SGX:W05) profit attributable to equity holders declined 51% in the fiscal first half ended Dec. 31, 2024 to SG$10.1 million from SG$20.5 million a year earlier, a filing with the Singapore Exchange said on Tuesday.

Basic earnings per share came in at SG$0.0132 compared with SG$0.0225 in the comparable period.

Revenue was, however, up 15% year over year to SG$112.7 million from SG$97.7 million, mainly due to higher contribution from development properties.

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