Published:
Intraco Limited’s profit grows in H1
However, revenue decreased by 19.3% year on year.
Intraco Limited recorded a profit after tax of $890,000 for the period in the first half of the year, as compared to $400,000 in H1 2024.
However, revenue decreased by $17.7m or 19.3% year on year due mainly to lower revenue from the Group’s Trading and Distribution business.
The group attributes this to declining demand for plastic resins in Indonesian and Vietnamese markets.
Revenue from the mobile radio infrastructure management and corporate advisory services also decreased by 15.8% YoY to $2.1m due to the expiry of the service contract for the North‐East MRT Line in 2024.
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