Bukit Sembawang net profit after tax slides 25% YoY in H1
It cited lower revenue from property and hospitality segments for $47m profit.
Bukit Sembawang Estates Limited’s net profit after tax slid 25% YoY to $47.151m for the half-year ended 30 September 2025, due to a lower revenue from its property development segment.
Bukit’s revenue plunged 60% to $130.2m as a result of lower revenue in its development business, based on its unaudited H1 FY2025/26 financial statement.
The decline was caused by the absence of revenue contributions from its The Atelier and LIV@MB projects that were completed May 2024 and March 2025, the firm said.
Revenue from the hospitality segment decreased by 12% YoY to $6.6m during the period, Bukit said, due to lower average room rates and occupancy rates at its serviced apartments, Fraser Residence Orchard.
Earnings per share for the period stood at $0.1821, lower than S$0.243 in the same period last year.