Wei Yuan Holdings Limited (01343.HK): Expected H1 Net Profit of Approximately SGD3.1 Million to SGD3.5 Million

NewTimeSpace News: On 11 August 2026, Wei Yuan Holdings Limited (01343.HK) issued a positive profit forecast. Based on preliminary assessment of the unaudited consolidated management accounts, the Group expects to register a net profit of approximately SGD3.1 million to SGD3.5 million for the first half-year, versus a net profit of about SGD0.3 million recorded in the same period last year.

According to the announcement, the growth in net profit is mainly attributable to higher volume of orders secured and projects undertaken during the period, driving increased revenue contribution from ongoing projects. Meanwhile, ongoing projects achieved significant progress, leading to growth in recognised revenue and corresponding gross profit based on project completion stages.

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