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Hock Lian Seng reports earnings of $32 mil for FY2024, up 20.4% y-o-y, from Changi Airport JV project

Nicole Lim
Nicole Lim • 2 min read
Hock Lian Seng reports earnings of $32 mil for FY2024, up 20.4% y-o-y, from Changi Airport JV project
The group saw a decrease in revenue as its civil engineering segment recorded lower sales after the Changi Airport JV project completion. Photo: Hock Lian Seng
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Civil engineering company Hock Lian Seng has reported earnings of $32 million for the FY2024 ended Dec 31, 2024, up 20.4% y-o-y from the $26.6 million reported in the same period a year ago. 

For the 2HFY2024, however, earnings came in 34.3% y-o-y lower at $11.6 million, down from $17.7 million in 2HFY2023. 

Earnings per share for the FY2024 came in at 6.25 cents per share, an increase from the 5.19 cents per share reported in the corresponding period. 

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