On March 22, GLONGHUI | RAFFLES INTERIOR (01376.HK) announced that the company's overall revenue increased by about SGD 24.7 million, or about 37.1%, from approximately SGD 66.5 million for the year ended December 31, 2022 to approximately SGD 91.2 million for the year ended December 31, 2023. This increase is mainly due to (i) an increase in orders carried over from 2022; and (ii) additional projects acquired in the first half of 2023.
Profit attributable to company owners increased by approximately SGD 2.8 million from loss of approximately SGD 1.4 million for the year ended 31 December 2022 to profit of approximately SGD 1.4 million for the year ended 31 December 2023.