SINGAPORE (Nov 12): Boustead Singapore has reported a net profit of S$36.0 million (RM119.6 million) for the first half ended Sept 30, 2024 (1HFY2025), a 34% year-on-year (y-o-y) increase from the same period a year before. 

The group said that after adjusting for other gains/losses and impairments, all net of non-controlling interests, net profit would have been 48% higher y-o-y.

This was due to higher gross profit and interest income, and a reversal of impairment loss, which was partially offset by other losses and higher overhead expenses...(click here for the full story on theedgesingapore.com).