Zhongtong Financial App news, Chuan Holding (01420) announced its interim performance for the six months ending on June 30, 2024. The group achieved a profit of 63.505 million Singapore dollars, a decrease of 4.9% compared to the same period last year. The net profit attributable to owners of the company increased by 36.34% to 2.371 million Singapore dollars, with basic earnings per share of 0.19 Singapore cents.

Attributed to the group's strategic decision to prioritize projects with higher profit margins rather than pursuing quantity, along with the completion time of projects, the group's revenue decreased slightly to approximately 63.5 million Singapore dollars during the reporting period, compared to approximately 66.8 million Singapore dollars as of June 30, 2023. Despite fewer projects being completed during the reporting period, the group's focus on quality and profit potential has prepared it for stronger long-term growth. In addition, the group also earned rental income from investment properties of 0.876 million Singapore dollars.