KWAN YONG (09998) Issues Profit Alert, Expects Annual Net Profit Attributable to Shareholders of Approximately S$12.9 Million with Significant Year-on-Year Growth

Stock News

09/15

KWAN YONG (09998) announced that the Group expects to achieve net profit attributable to owners of the Company of approximately S$12.9 million for the year ending June 30, 2025, compared to net profit attributable to owners of the Company of approximately S$1.6 million for the year ending June 30, 2024. The Board believes that the expected significant increase in net profit attributable to owners of the Company for the year ending June 30, 2025 is primarily attributable to the acquisition of new construction projects with stable profit margins, increased revenue recognition from ongoing projects, and the implementation of enhanced cost control measures.

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