1QFY2023 revenue rose by 29.3% y-o-y to $87.3 million due to higher progressive recognition achieved for the projects carried out during the quarter.
Dyna-Mac Holdings (SGX:NO4
) has reported net profit of $3.9 million for the 1QFY2023 ended March 31, more than double its net profit of $1.9 million in the corresponding period the year before.
The earnings surge was attributable to the higher revenue and profit margins during the quarter.
