Ley Choon’s net profit soars by 32.8% to $14.5m in FY2025

This was driven by a more favourable project mix and stronger project-level profitability.

Ley Choon Group Holdings’ net profit after tax soared by 32.8% to $14.5m for the financial year ended 31 March 2025, according to a bourse filing.

The group’s gross profit increased by 28.7% to $27.2m with a gross profit margin of 20.8%.

The improvement was due to a more favourable project mix and stronger project-level profitability, including reduced losses from certain legacy pipe-laying projects nearing completion and increased contributions from higher-margin projects that were secured in the prior years.

Revenue increased by 1.1% to $130.5m. This was attributed to the higher construction activities in road works and certain cable-laying projects, partially offset by lower revenue contributions from certain pipe-laying projects and airport-related works, some of which are nearing completion.