Hock Lian Seng swings to FY26 1H net loss of S$54 million; revenue drops 50.9% to S$50.7 million
Reuters2026/08/05 09:21- Hock Lian Seng posted a net loss of S$ 54 million for 1H 2026, swinging from a profit a year earlier; basic loss per share was 10.53 Singapore cents.
- Revenue fell 50.9% to S$ 50.7 million, driven by lower civil engineering recognition and weaker property development sales.
- Gross result turned to a loss of S$ 52.4 million from a profit a year earlier, pressured by an onerous contract provision on active construction projects.
- Order book stood at about S$ 323 million as of June 30, 2026; Shine@TuasSouth was 68% sold with 30% of units leased.
- Construction on the Pioneer Road land parcel is expected to start in Q3 2026, with a launch targeted for 1H 2027.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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