Guangrong Holdings (09998) announced results for the year ended June 30, 2023, with revenue of S$111 million, up 43.3% year on year; net profit of SGD 2,325,000, loss of SGD 391,000 for the same period last year; and basic profit of 0.29 Singapore cents per share.
The increase in revenue for the period was mainly due to the resumption of more construction activity compared to the previous fiscal year.