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爲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.
豐隆亞洲最新的證券交易所文件顯示，其股東應占淨利潤同比增長60.9％，至上半年（2024年上半年）的4,950萬美元。
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.
同樣，2024年上半年的淨利潤同比增長44.3％，達到9,250萬美元。該集團的收入爲23億美元，與去年的20億美元相比，同比增長8.5％。
該集團將其盈利能力歸因於在新加坡、馬來西亞和中國市場狀況改善的背景下，玉柴和建材部門（BMU）的強勁表現。
在新加坡和馬來西亞，在新加坡公共部門項目的帶動下，BMU收入同比增長5.0％，達到3.215億美元，這是由於對預拌混凝土建築材料的需求持續。
該集團前六個月的每股收益（EPS）爲6.62新加坡分。
豐隆亞洲預計，其預製混凝土和預拌混凝土板塊的訂單量將從新加坡的公共和私營部門項目中進一步增長。
