Guangrong Holdings (09998) Fa Yingxi expects net profit attributable to shareholders to increase year-on-year to approximately SGD 19.8 million

Zhitong Finance App News, Guangrong Holdings (09998) announced that the Group expects to obtain net profit of approximately SGD 19.8 million for the year ending June 30, 2026, while net profit attributable to the owners of the Company is approximately SGD 12.8 million for the year ended June 30, 2025.

According to the information currently available, the board of directors believes that the expected increase in net profit attributable to the company's owners for the year ended June 30, 2026 is mainly due to the increase in the cost efficiency of construction projects during the year, despite the cost pressure brought about by fluctuations in global oil prices. The upgrade was mainly achieved through effective cost control and procurement measures adopted by the Group, including more strict site-level cost monitoring, thereby mitigating the adverse impact of rising investment costs on the Group's ongoing projects.