- We remain positive on ISOTeam’s earnings outlook, 1HFY25’s earnings were within expectations. We see ISOTeam benefitting from and riding on more government projects ahead of the parliamentary elections due by the end of 2025.
1HFY25 earnings within expectations.
- - Read this at SGinvestors.io -
- Revenue growth was led by addition & alteration (A&A) (+62% y-o-y; S$30m), offset by repairs & redecoration (R&R) (+29% y-o-y, S$19m), and coating & painting (C&P) (-2% y-o-y; S$7.5m), and others (-12% y-o-y, S$9m) segments. The others segment include engineering works, renewable solutions works, vector control services and handyman services. Revenue decline in three of its segments was due to a slower pace of project recognition.
- - Read this at SGinvestors.io -
Maintain our positive outlook.
- Read more at SGinvestors.io.
