KWAN YONG (09998.HK): Positive Profit Alert, Expects FY2026 Net Profit Attributable to Owners of About SGD 19.8 Million
- The expected increase in net profit was mainly attributable to improved cost efficiency of construction projects in progress during the year, notwithstanding cost pressure from global oil price volatility.
- The improvement was mainly achieved through effective cost control and procurement measures adopted by the Group, including stricter site-level cost monitoring.
- The information is based on unaudited consolidated management accounts not audited or reviewed by the auditor or the audit committee, and the Company expects to publish its annual results on 24 September 2026, with actual results potentially different.
NewTimeSpace News: On 14 September 2026, Kwan Yong Holdings Limited (stock code: 09998.HK) issued a positive profit alert stating that, based on a preliminary review of the Group's unaudited consolidated management accounts for the year ended 30 June 2026 and other information currently available to the Board, the Group is expected to record a net profit attributable to owners of the Company of approximately SGD 19.8 million for the year ended 30 June 2026, compared with a net profit attributable to owners of the Company of approximately SGD 12.8 million for the year ended 30 June 2025.
The announcement disclosed that the expected increase in net profit attributable to owners of the Company was mainly attributable to improved cost efficiency of construction projects in progress during the year, notwithstanding cost pressure from global oil price volatility. The improvement was mainly achieved through effective cost control and procurement measures adopted by the Group, including stricter site-level cost monitoring, thereby mitigating the adverse impact of rising input costs on the Group's projects in progress.
The Group is still in the process of finalising its financial results for the year ended 30 June 2026. The information contained in the announcement is based solely on information currently available to the Board, including the unaudited consolidated management accounts for the year ended 30 June 2026, which have not been audited or reviewed by the Company's auditor or the audit committee of the Company, and the actual results may differ from the information disclosed. The Company expects to publish its financial results for the year ended 30 June 2026 on 24 September 2026.
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