WEI YUAN HLDG (01343) has issued a profit alert, indicating that based on a preliminary review of the group's unaudited consolidated management accounts for the six months ending June 30, 2026, it expects to record a net profit ranging from approximately S$3.1 million to S$3.5 million. This compares to a net profit of about S$0.3 million in the corresponding period of 2025.

The board attributes the anticipated increase in net profit for the six months ending June 30, 2026, compared to the same period last year, primarily to two factors. First, the group secured a higher volume of orders and undertook more projects during the period, which boosted revenue contributions from ongoing projects. Second, significant progress on existing projects led to increased revenue recognition and corresponding gross profit based on the completion stages of each project.