For the period, the group’s gross profit stood at $72.5 million, up 128% y-o-y. This was due to higher profit recognised on development projects. In 1HFY2025, profits were recognised for Pollen Collection, The Atelier, LIV@MB and Fraser Residence Orchard, Singapore.
Bukit Sembawang Estates has reported earnings of $62.9 million for the 1HFY2025 ended Sept 30, up 149% y-o-y from $25.2 million in the same period last year.
Revenue for the first half of the year similarly rose by 23% y-o-y to $324 million, while costs of sales increased by 8% y-o-y to $251.5 million as compared to 1HFY2024.
