Hong Leong Asia's Profit Soars 60.9% to $49.5m in H1 2024
Hong Leong Asia's Profit Soars 60.9% to $49.5m in H1 2024
EPS stood at 6.62 Singaporean cents in H1 2024.
2024年上半年的每股收益为6.62新加坡美分。
Hong Leong Asia saw its net profit attributable to shareholders propel by 60.9% on a year-on-year (YoY) basis to $49.5m in the first half of the year (H1 2024), the group's latest bourse filing showed.
丰隆亚洲最新的证券交易所文件显示，其股东应占净利润同比增长60.9％，至上半年（2024年上半年）的4,950万美元。
Similarly, H1 2024 saw its net profit surge 44.3% YoY to $92.5m. The group registered a revenue of $2.3b, an 8.5% YoY uptick compared to last year's $2.0b.
The group attributed its profitability to the strong performance at Yuchai and building materials unit (BMU) on the back of improving market conditions in Singapore, Malaysia, and China.
In Singapore and Malaysia, BMU revenue grew 5.0% YoY to $321.5m as demand for building materials in ready-mix concrete continued, led by public sector projects in Singapore.
The group's earnings per share (EPS) stood at 6.62 Singaporean cents during the first six months.
Hong Leong Asia expects its order books in the Precast and Ready-Mix Concrete segments to grow further from public and private sector projects in Singapore.
同样，2024年上半年的净利润同比增长44.3％，达到9,250万美元。该集团的收入为23亿美元，与去年的20亿美元相比，同比增长8.5％。
该集团将其盈利能力归因于在新加坡、马来西亚和中国市场状况改善的背景下，玉柴和建材部门（BMU）的强劲表现。
在新加坡和马来西亚，在新加坡公共部门项目的带动下，BMU收入同比增长5.0％，达到3.215亿美元，这是由于对预拌混凝土建筑材料的需求持续。
该集团前六个月的每股收益（EPS）为6.62新加坡分。
丰隆亚洲预计，其预制混凝土和预拌混凝土板块的订单量将从新加坡的公共和私营部门项目中进一步增长。