The improvement was especially pronounced in its 2HFY2023, with earnings of $6 million versus $1.4 million reported for 2HFY2022, with contributions from projects newly secured following the pandemic.
“We are pleased to announce a strong set of financial results which attests to the group’s firm recovery from the Covid-19 pandemic,” says executive director Lim Han Ren.
Soilbuild Construction Group has reported earnings of $7.3 million for F2023, reversing from a loss of $31.7 million incurred because of the pandemic which disrupted construction activities.
Revenue in the same period was held steady at $247.4 million.
