- Excluding non-recurring items, LHN’s 1HFY25 core net profit of S$15.4m was largely within our expectation and accounts for about 47% of our full year forecast. This was primarily driven by contribution from its Space Optimisation and Property Development segments.
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Co-living business remains key growth engine.
- In 1HFY25, overall revenue grew 29.4% y-o-y to S$70.6m. On a segmental basis, turnover from Space Optimisation Business rose 6% y-o-y to S$38.1m, mainly due to stronger top-line contributions from the co-living properties (+15.1% y-o-y), but partially offset by a decrease from commercial properties (-47.1% y-o-y).
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Contribution from property development business.
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