According to an announcement from Plateau TL (08402), the group expects a net profit of approximately 0.2 million Singapore dollars for the six-month period ending June 30, 2024, compared to a net loss of approximately 1.6 million Singapore dollars for the same period in 2023.

The conversion from a net loss to a net profit is mainly attributed to: obtaining income of approximately 12.2 million Singapore dollars during the period, compared to income of approximately 7.2 million Singapore dollars for the same period in 2023, mainly due to an increase in the number of projects undertaken by the group; obtaining a gross margin of over 2.4 million Singapore dollars during the period, compared to a gross margin of approximately 1.2 million Singapore dollars for the same period in 2023, with the gross margin increasing in line with the increase in income. During the period and for the same period in 2023, the gross margin remained at approximately 17% to 20%; and an increase of approximately 0.2 million Singapore dollars in rental income from the leasing of factory space by the group, as well as a reduction in administrative expenses of approximately 0.4 million Singapore dollars.