CSC Holdings posts $2.5m profit for H1 2024

Revenue also increased to $154.5m.

CSC Holdings Limited reported a net profit of $2.5m for the first half of 2024 (H1 2024), a significant improvement from a loss of $3.7m in the same period last year.

The group said this is driven by an increase in construction activity amidst a continual tight cost control.

Revenue also increased to $154.5m, representing a 5.5% year-on-year growth due to an increased demand for construction services in Singapore and higher sales generated from its equipment trading division.

No dividend has been declared for H1 2024 to preserve its cash position.

CSC Holdings expects demand for construction services to be fuelled by government investments in infrastructure and housing projects. As of 31 October 2024, the group’s order book stood at $310m with most projects to be delivered in the next 12 months.