Glory Holdings (09998.HK) announced that for the year ended June 30, 2022, the company's revenue was about S $77.8 million, a decrease of about 14.0% from the same period last year. The decrease in revenue was mainly due to (I) the slow and gradual resumption of construction projects in the public and private sectors, and (ii) the slow progress and early stages of the two new construction projects that started in the last two quarters of the current financial year. A loss of about S $400000 was recorded for that year, compared with a loss of about S $6.2 million in the previous year.

As at June 30, 2022, the Group had 4 (2021: 6) construction projects (including projects under construction and projects not yet under construction) with a total contract value of approximately S $214.2 million (2021: approximately S $293.8 million).