ISOTeam - SAC Capital 2024-04-30: Profitability Rebound

• ISOTeam (SGX:5WF)'s 1HFY2024 (Jul to Dec 2023) revenue came in at S$62.7m, a 16.5% y-o-y increase, largely attributable to the Group’s divestment of non-core businesses in December 2022 and its sharpened focus on its core construction-related segments.

1HFY2024’s Strong Performance driven by Strategic Focus

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• 1HFY2024 gross profit margin increased y-o-y to 13.3% from 9.3%, due to significant fewer low-margin pandemic projects. This has led to the improvement in net profit to S$1.4m, a 34.0% y-o-y increase.
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Strong Order Book

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Read also SAC's most recent report:
2025-04-08 ISOTeam - Beneficiary Of Government Infrastructure Push.

Previous report by SAC:
2024-08-29 ISOTeam - Stellar FY24 Performance With Strong Growth Prospects.

Price targets by 3 other brokers at ISOTeam Target Prices.

Listing of research reports at ISOTeam Analyst Reports.

Relevant links:
ISOTeam Share Price History,
ISOTeam Announcements,
ISOTeam Dividend Payout Dates & Corporate Actions,
ISOTeam News