According to Zhitong Finance App News, Jiedi Group (08313) announced its interim results for the period ended June 30, 2023, with revenue of SGD 5.305,000, up 166.85% year on year; net profit of SGD 1.438 million, while achieving a net loss of SGD 533,000 in the same period last year; and earnings of SGD 0.07 per share.
The profit improvement was mainly due to an increase in revenue of SGD 3.32 million, partly offset by an increase in employee costs of SGD 830,000, an increase in income tax expenses of SGD 340,000, and an increase in interest expenses of SGD 240,000.