Huationg Global's Net Profit Skyrockets 107.2% to $10.8m

Singapore Business Review · Aug 15 14:26

Net profit increased by $5.6m.

Huationg Global reported a net profit of $10.8m in H1 2024 up 107.2% year-on-year (YoY) from $5.2m a year ago.

Revenue for the period rose 70.9% YoY to $119m from $69.8m in H1 2023n mainly driven by higher contributions from the civil engineering contract works segment.

In addition, gross profit also increased 78.8% YoY to $23.9m from $13.4m in the previous year.

Earnings per share stood at $0.0611.

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Huationg Global's Net Profit Skyrockets 107.2% to $10.8m

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