Link: https://links.sgx.com/1.0.0/corporate-announcements/W5KXQMLREE8Y7MBO/dff7d0033ce12f3687c8723d9e4e555271d8d949abf4d06db13b88fe246da363

Summary:

• Goodland Group Limited reported a 6% increase in revenue, reaching S$5.5 million for the half-year ended 31 March 2025, primarily driven by property development sales.
• Gross profit for the period rose by 45% to S$0.5 million, with the gross profit margin improving to 10%.
• The company recorded a loss after taxation of S$2.353 million, a decrease compared to the loss of S$3.531 million in the corresponding period of the previous year.
• Bank borrowings increased by S$9.6 million to S$100.5 million, mainly due to higher drawdowns for ongoing property developments.
• Net working capital decreased by S$6.1 million to S$144.6 million, influenced by increased bank borrowings and cash used in development properties.