Glonghui, Feb. 23 | Guangrong Holdings (09998.HK) announced that for the six months ending December 31, 2022, the company's revenue was approximately S$53.6 million, an increase of about 24.9% over the previous year. The increase in earnings was mainly due to the resumption of more construction activity compared to the previous period. Profit was recorded during the period of about S$100,000, while a loss of around S$2.4 million was recorded in the same period last year.

On December 31, 2022, the Group had 4 construction projects (June 30, 2022:4) (including projects under construction and projects not yet started) with a total contract value of approximately SGD 214.2 million (June 30, 2022: approximately SGD 214.2 million).