Zhitong Financial APP News, Glory Holdings (09998) released results for the year ended June 30, 2022, with earnings of S $77.766 million, down 14.1% from the same period last year; net loss of S $391000, down 93.7% from the same period last year; and basic loss per share.
The decrease in revenue during the period was mainly due to the slow and gradual resumption of construction projects in the public and private sectors, and the slow progress of the two new construction projects commenced in the last two quarters of the financial year. It's still in its infancy.