- A net profit of S$1.4m was recorded for 1H23, marking the first half of a potential profit-making year for Soilbuild Construction (SGX:S7P) since the COVID-19 pandemic. This achievement signifies a marked shift from the challenging period brought on by the COVID-19 pandemic, during which the Group had incurred a hefty loss of S$31.7 million in FY22.
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Order books has improved steadily over the last 3 years to the current S$564.3m.
- The recovery was bolstered by Soilbuild Construction’s focus towards tendering for high-value and high-tech projects in sectors such as semiconductor, precision engineering, and logistics.
- In 1H23, 2 new construction contracts and 9 precast supply and delivery agreements, valued at a total of S$231.5m were successfully acquired.
HDB’s pipeline to launch 100 000 flats from 2021 to 2025
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New leadership
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