According to the Zhiyu Finance APP, Trendzon hldg (01865) released its interim results for the six months ended September 30, 2024, with the group achieving a revenue of 24.056 million Singapore dollars, a year-on-year decrease of 17.23%; the loss attributable to shareholders was 9.551 million Singapore dollars, a year-on-year increase of 15.04%; the loss per share was 6.74 Singapore cents.

The announcement stated that the revenue decline was mainly due to a decrease of approximately 4.1 million Singapore dollars in revenue from gas pipeline projects and a decrease of approximately 0.7 million Singapore dollars in revenue from water affairs pipeline projects. In the first half of 2025, the group secured two new gas projects, with a total contract value of approximately 0.6 million Singapore dollars, which commenced during the reporting period.