Solis Holdings Ltd. Reports 51.8% Revenue Increase to S$8.5 Million and S$1.7 Million Profit for H1 2025

Reuters
Aug 29
Solis Holdings Ltd. Reports 51.8% Revenue Increase to S$8.5 Million and S$1.7 Million Profit for H1 2025

Solis Holdings Ltd. has announced its unaudited consolidated interim results for the six months ended 30 June 2025. The company reported a significant increase in revenue, which rose by approximately 51.8% to S$8.5 million from S$5.6 million in the same period of the previous year. However, gross profit saw a sharp decline of approximately 92.7%, decreasing to S$51,000 from S$719,000. The profit for the period was reported at S$1.7 million, a turnaround from a loss of approximately S$0.5 million in the previous year. Despite the profit, the Board has resolved not to declare any interim dividend for this period. The financial results reflect the company's ongoing operations in designing, building, and installing mechanical and electrical systems. Further outlook or guidance has not been provided in the announcement.

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