For the six months ended 30 September 2024, Premium Holdings achieved total revenues of approximately P24.1 million, a decrease of P$29.1 million compared to the same period last year, a decrease of 17.2% from P$29.1 million in the same period last year. Revenues for gas pipelines and water pipelines projects decreased by approximately R$4.1 million and P$0.7 million, respectively. Despite the decline in revenue, the gross margin increased to 11.2% from 10.2% in the same period last year, mainly due to a slight increase in the gross margin of construction projects.Management noted that the decrease in revenue was mainly due to the approaching completion of gas and water pipeline projects, resulting in a decrease in revenue confirmed in the current period. Despite this, the Group...Show More

For the six months ended 30 September 2024, Premium Holdings achieved total revenues of approximately P24.1 million, a decrease of P$29.1 million compared to the same period last year, a decrease of 17.2% from P$29.1 million in the same period last year. Revenues for gas pipelines and water pipelines projects decreased by approximately R$4.1 million and P$0.7 million, respectively. Despite the decline in revenue, the gross margin increased to 11.2% from 10.2% in the same period last year, mainly due to a slight increase in the gross margin of construction projects.Management noted that the decrease in revenue was mainly due to the approaching completion of gas and water pipeline projects, resulting in a decrease in revenue confirmed in the current period. Despite this, the Group acquired 2 new gas projects during the reporting period, for a total contract amount of approximately RMB 0.6 million. Management underlines that the Group will continue to focus on consolidating its market position and seeking new business opportunities in the infrastructure pipeline markets in Singapore and China.Looking ahead, Jawang Holdings believes that it is on the right track for sustainable development and will continue to focus on strengthening its market position in the construction industry. The Group plans to develop the excellent Hi-Hi-Hi-Tsugu Industrial Park in China and closely monitor global economic trends and market conditions to seize opportunities. THE BOARD IS ACTIVELY EXPLORING THE GROWTH POTENTIAL OF GLOBAL MARKETS TO DIVERSIFY THE BUSINESS AND DELIVER SATISFACTORY RETURNS FOR SHAREHOLDERS.