Gross profit increased by 4% y-o-y to $44.4 million as its gross profit margin increased by 1 percentage point y-o-y to 23%. The higher gross profit and GPM were mainly due to project completions.
PEC Limited (SGX:IX2
) has reported earnings of $2.9 million for the 1HFY2023 ended Dec 31, 202, 43% lower than the earnings of $5.0 million in the corresponding period the year before.
Revenue fell by 2% y-o-y to $191.0 million due to lower revenue from its maintenance services segment.
