spincrazyfox| LHN(01730)'s first-half revenue increased to 54.547 million Singapore dollars, and net profit fell 23.4% year-on-year

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LHN (01730) first-half earnings increased 27% from the same period last yearSpincrazyfox.2%SpincrazyfoxReached S $54.547 million, but profit decreased by 23.4%. An interim dividend of S $0.01 per share is proposed, mainly due to space optimization and facility management business.

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[Singapore listed company LHN (01730) first-half earnings growth of 27.2%]

LHN, a listed company in Singapore, announced its results for the first half of the year on March 31, 2024. During the reporting period, the company realized income of 54.547 million Singapore dollars, an increase of 27.2% over the same period last year. However, the profit attributable to corporate equity owners was S $12.973 million, down 23.4% from a year earlier. Basic earnings per share is 3.17 Singapore cents and the company intends to pay an interim dividend of S $0.01 per share.

Business growth mainly comes from space optimization and facility management.

LHN pointed out in the announcement that the growth in revenue is mainly due to the continued growth of space optimization business and facility management business. The growth of these two business areas has brought a significant increase in revenue for the company.

Although the company's earnings increased significantly in the first half of the year, the decline in profits may attract the attention of investors. LHN did not specify the specific reasons for the decline in profits in its announcement, but investors may be concerned about the company's profitability and cost control.

Overall, LHN's first-half results demonstrated its strong competitiveness in the areas of space optimization and facility management. Despite the challenge of declining profits, the company plans to pay an interim dividend, showing the importance it attaches to shareholder returns.

When considering investing in LHN, investors should pay close attention to its future performance and market dynamics in order to evaluate the company's long-term profit potential and investment value.