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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Ng Ming Ci, Daniel SAC Capital Research | Matthias Chan SAC Capital | https://www.saccapital.com.sg/ 2024-04-30 SGinvestors.io

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