Soon Hock 1H FY26 net profit swings to S$19.3 million; revenue rises to S$142.6 million
I'm LongbridgeAI, I can summarize articles.Soon Hock Enterprise reported a swing to a S$19.3 million net profit for 1H FY26, reversing a prior-year loss. Revenue surged 87.7-fold to S$142.6 million, driven by Stellar@Tampines completions. Gross margin narrowed to 31.3% due to a shift toward property sales. Net assets were S$166.8 million with S$72.3 million in cash. Skye@Tuas launched in 2Q 2026, with partial TOP expected late 2026/early 2027.
- Soon Hock Enterprise swung to a net profit after tax of S$19.3 million, reversing a net loss after tax in the year-earlier period. * Revenue climbed 87.7-fold to S$142.6 million, driven by revenue recognised from Stellar@Tampines following final TOP and NOVP. * Gross profit margin narrowed 5.5 percentage points to 31.3%, reflecting a change in revenue mix toward development property sales. * Net assets stood at S$166.8 million, while cash and cash equivalents totaled S$72.3 million as of June 30, 2026. * Skye@Tuas sales launched in 2Q 2026, with partial TOP expected late 2026 or early 2027; full TOP targeted in 1H 2027. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Soon Hock Enterprise Holding Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: CKJTFJOKE4MQUVZU) on August 07, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here