Weiyuan Holdings (01343) Fa Yingxi expects a net profit of about S$3.1 million to S$3.5 million in the medium term

According to Zhitong Finance App News, Weiyuan Holdings (01343) issued an announcement. According to a preliminary assessment of the Group's unaudited comprehensive management accounts for the six months ending June 30, 2026, the Group expects the consolidated results for the six months ending June 30, 2026 to record a net profit of about S$3.1 million to S$3.5 million, while the corresponding period in 2025 was about $300,000.

The Board believes that compared with the six months ended June 30, 2025, the increase in net profit for the six months ended June 30, 2026 was mainly due to the following factors: (a) the increase in the number of orders received by the Group and the number of projects undertaken during the period, which led to an increase in the revenue contribution of the Group's ongoing projects; and (b) due to significant progress in the Group's ongoing projects, an increase in revenue and corresponding gross profit recorded according to the completion phase of each project.