Despite the lower revenue, HG Metal’s gross profit grew by 21.1% y-o-y to $13.8 million and gross profit margin expanded to 17.1% in the same period, driven by lower average material costs.
HG Metal (SGX:BTG
) has reported net profit after tax of $6.0 million for 1HFY2026 ended March 31, a decline of 4% y-o-y.
Revenue stood at $81.0 million in 1HFY2026, a drop of 5% y-o-y, mainly due to a 1% drop in sales volume and a decline of 4% in average selling price amid the continued weakness in steel prices.
