Hock Lian Seng expects operating loss in 1H2026, swings from S$10 million profit before tax
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Hock Lian Seng anticipates an operating loss for the first half of 2026, a reversal from the S$10 million pre-tax profit recorded in the same period last year. The decline is attributed to higher civil engineering costs due to project overruns and increased operating expenses driven by rising oil prices linked to Persian Gulf tensions. Full-year 2026 performance is also expected to weaken compared to FY 2025's S$19.9 million pre-tax profit.
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