On June 28, Glonhui announced that HPC Holdings (01742.HK) had a year-on-year decrease of 48.21% in revenue for the six months ending April 30, 2024, from about 167.73 million Singapore dollars to about 86.86 million Singapore dollars. The decrease in revenue was due to the fact that most of the major projects under construction were still in their early stages, resulting in fewer construction activities during the mid-term period than in the past (including one period with a tight schedule for a large project). During the mid-term period, the net profit after tax was about 644,000 Singapore dollars, a decrease of about 66.74% compared to about 1.94 million Singapore dollars in the past.