The group also experienced a foreign exchange gain recorded on US dollar denominated receivables to customers and related companies during 2QFY2026 mainly due to the slight recovery of the dollar against the Singapore dollar.
Asiatic Group has guided for a net profit after tax for the 2QFY2026 ended Sept 30.
The improvement in profitability is primarily due to several reasons, such as the improvement in gross margin in the fire protection solutions division as more revenue is derived from services that yield higher margin.
