, Singapore
106 views
Photo from Envato Elements

Tiong Seng expects net loss for H1 2025

It is mainly due to final costs from pre-COVID projects.

Tiong Seng Holdings has announced that it expects to report a net loss for the first half of 2025, reversing a net profit of $5m from the same period last year.

The loss is mainly due to final costs from projects secured before the COVID-19 pandemic, which were hit by higher material, labour, and subcontracting expenses.

This profit warning is based on preliminary unaudited figures. Final results for the six months ended 30 June 2025 will be released by 12 August 2025.

Tiong Seng reported a net profit of $2.8m for the full year ended 31 December 2024.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!