Shunfu Enterprises' net profit increased 10.6 times to 37.9 million yuan last year | Lianhe Zaobao
I'm LongbridgeAI, I can summarize articles.Soon Hock Enterprise Holding's net profit in 2025 increased by 10.6 times year-on-year to 37.9 million yuan, with revenue soaring from 7.9 million yuan to 227.9 million yuan. The group proposed a year-end dividend of 3.05 cents per share, accounting for 25% of the after-tax profit. The growth in performance was mainly attributed to the real estate development business, particularly the contribution from the Stellar@Tampines project. The company was listed on the main board of the Singapore Exchange on October 16, 2025, and its stock price rose by 1.53% to 0.665 yuan at the close on February 23
Driven by strong real estate business, Soon Hock Enterprise Holding's net profit for 2025 increased by 10.6 times year-on-year to 37.9 million yuan, while revenue surged from 7.9 million yuan the previous year to 227.9 million yuan.
The group proposed a final dividend of 3.05 cents per share, equivalent to 25.0% of the group's after-tax profit.
Soon Hock Enterprise Holding released its full-year results for the fiscal year ending December 2025 after the market closed on Monday (February 23).
Further Reading
Soon Hock Group IPO public offering shares were subscribed 16.9 times, listed on October 16 Soon Hock Group's first-day closing price fell below the offering price
The company stated that the significant growth in 2025 was mainly due to the strong contribution from its real estate development business. The group's industrial project Stellar@Tampines in Tampines obtained partial Temporary Occupation Permit (TOP) last December, confirming related sales revenue, which drove the revenue from real estate development business to increase by 33.5 times year-on-year to 224.7 million yuan. There were no similar completed projects in the fiscal year 2024.
The group's real estate investment business also achieved growth, with annual revenue increasing by 1.4 times to 3.2 million yuan.
Soon Hock Enterprise Holding was listed on the main board of the Singapore Exchange on October 16, 2025. The stock price closed up 1.53% on Monday, at 0.665 yuan