Plateau TL (08402) announced that the group is expected to have a net profit of approximately... until June 30, 2024.
Zhitong Finance APP News: Plateau TL (08402) announced that the group is expected to have a net profit of approximately 0.2 million Singapore dollars for the six months ended June 30, 2024, while the net loss for the same period in 2023 was approximately 1.6 million Singapore dollars.
The change from net loss to net profit is mainly attributed to: revenue of approximately 12.2 million Singapore dollars during the relevant period, compared to revenue of approximately 7.2 million Singapore dollars for the same period in 2023, mainly due to an increase in the number of projects undertaken by the group; gross profit of over 2.4 million Singapore dollars during the relevant period, compared to gross profit of approximately 1.2 million Singapore dollars for the same period in 2023, with gross margin growth consistent with revenue increase. During the relevant period and the same period in 2023, the gross margin maintained at around 17% to 20%; and an increase of approximately 0.2 million Singapore dollars in rental income from leasing factory land by the group, as well as a reduction of approximately 0.4 million Singapore dollars in administrative expenses.
