Ley Choon Group has reported a net profit after tax (NPAT) of $7.3 million for 1HFY2025 ended September, up 35.9% y-o-y from the same period last year. 

 

Earnings per share stood at 0.486 cents, up from 0.358 cents in 1HFY2024. 

 

This came on the back of higher revenue, which saw a 2.5% y-o-y increase to $64.4 million for 1HFY2025. This was driven by higher construction activities in road works and cable laying projects. That said, revenue growth was partially offset by lower revenue from the group&rsquo s airport project, as well as certain pipe laying projects, which are nearing completion. 

 

Gross profit for the period stood at $13.3 million, up from $10.3 million in 1HFY2024, while gross profit rose to 20.6% in 1HFY2025 from 16.3% in the same period last year. This came on the back of higher revenue from the group&rsquo s projects and a favorable mix of relatively higher margin projects, both of which contributed to improved profitability for the period, says the group. 

 

As at Sept 30, the group&rsquo s cash and cash equivalents stood at $3.5 million, as compared to $9.4 million as at March 31. 

 

For the same period, the group has reported an unfulfilled order book of approximately $220.1 million. 

 

Looking ahead, the group says it remains &ldquo cautiously optimistic&rdquo despite global uncertainties, and is expected to maintain a &ldquo strong focus on the efficient execution of ongoing projects and enhancing operational efficiencies&rdquo . 

 

It adds that the group will remain &ldquo vigilant in managing operating costs, cash flow, and potential business risks in the current environment&rdquo .