Guan Chao Holdings Ltd. Reports 75% Revenue Surge, Posts S$1.9 Million Loss for H1 2025

Reuters
Aug 29
<a href="https://laohu8.com/S/01872">Guan Chao</a> Holdings Ltd. Reports 75% Revenue Surge, Posts S$1.9 Million Loss for H1 2025

Guan Chao Holdings Ltd. has announced its unaudited financial results for the six months ended June 30, 2025. The company reported a revenue increase to S$140.1 million, up from S$80.1 million in the same period last year. Sales of motor vehicles significantly contributed to this growth, reaching S$132.6 million compared to S$73.3 million in 2024. The Group also saw increases in finance commission income and insurance commission income, which rose to S$2.9 million and S$638,000 respectively. Despite the increase in revenue, the company reported a loss for the period, with a net loss attributable to equity holders of the company amounting to S$3.4 million, compared to a profit of S$951,000 in the previous year. The total loss for the period was S$1.9 million, contrasting with a profit of S$650,000 in the prior year. The gross profit improved to S$13.7 million from S$9.1 million, while operating loss stood at S$102,000 compared to a profit of S$2.7 million last year. The company recorded finance expenses net of finance income at S$1.0 million, a slight improvement from the previous year's net finance expense of S$1.5 million. The financial results indicate a strong increase in sales revenue, primarily driven by motor vehicle sales, but also highlight challenges in maintaining profitability, reflected in the reported net loss for the period.

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