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Tiong Seng reverses into earnings for FY2024 of $4.26 mil, but made a loss y-o-y for 2HFY2024

Nicole Lim
Nicole Lim • 2 min read
Tiong Seng reverses into earnings for FY2024 of $4.26 mil, but made a loss y-o-y for 2HFY2024
A resumption in construction work post-Covid-19 and cost management measures has driven the group’s turnaround.
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Construction group and property developer Tiong Seng Holdings (SGX:BFI) reverses into earnings of $4.26 million for FY2024 ended Dec 31, 2024. However, for the 2HFY2024, the group made a loss of $87,000. 

Earnings per share for FY2024 came in at 0.65 cents per share. 

The group saw revenue for the full year growing 17% y-o-y to $526.6 million, but revenue for 2HFY2024 declined 8% y-o-y to $286.0 million. 

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