Zhitong Finance and Economics APP reported that Wei Yuan Hldg (01343) announced its interim results for the six months ended June 30, 2024. The group's revenue decreased by 1.45% year-on-year to 45.432 million Singapore dollars; the net profit attributable to shareholders decreased by 99.55% year-on-year to 2000 Singapore dollars; and the basic earnings per share was 0.0002 Singapore dollars.

The announcement stated that the group's gross profit decreased by approximately 1.1 million Singapore dollars to approximately 6.1 million Singapore dollars for the period, while the group's gross margin decreased to approximately 13.4% for the period. The decrease in gross profit and gross margin was mainly due to a reduction in income from road milling and repaving services and an increase in the group's sales costs caused by the above reasons.