Revenue from management services fees jumped 44% y-o-y to $2.3 million, largely driven by the commencement of a newly secured management contract with a third-party transport operator during the period.
Coliwoo Holdings (SGX:W8W
) has reported earnings, or net profit attributable to equity holders (PATMI), of $13.4 million for 1HFY2026 ended March 31, 43.9% higher y-o-y.
Revenue was up by 16.6% y-o-y to $26.9 million, mainly attributable to a 15.6% y-o-y growth in rental income. The higher rental revenue can be seen from the contribution of Coliwoo Hotel Kampong Glam and Coliwoo Bukit Timah Fire Station, which commenced operations in 2HFY2025, coupled with the initial contributions from the newly launched Coliwoo Midtown in early March.
