Link: https://links.sgx.com/1.0.0/corporate-announcements/0IBWK9HP5L56FJH5/c14878be5e9345a42015996eb49af7ddc832b0d8e803129d51904d50846b2f4b

Summary:

• Group revenue reached $181 million, with gross profit margin steady at 21.2%; revenue improved 4.7% in H1 driven by forward ordering and higher shipments in the Machinery & Automotive (MA) sector.

• Net profit declined 57.2% to $6.6 million due to significant administrative expenses, including a $5.1 million forex loss and a $5.5 million impairment of Nantong plant assets.

• Earnings per share down to 5.77 cents; profit before tax fell 50% to $10.2 million after tariff impacts and economic slowdown.

• Board recommended a first and final cash dividend of 2.0 cents per share, subject to approval at the AGM.

• Revenue mix: China (~34%), ASEAN ex-Singapore (~22%), US/Europe/Others (~44%), with Singapore at 1%; three core segments—Machinery & Automotive, Imaging & Printing, and Consumer Products—each remain essential.

• Group responded to new US/global tariffs with investments in network flexibility, manufacturing efficiency, and expansion of service scope (cold forging, die casting, plastic injection).

• Board composition: five directors (two executive, two independent, one non-executive); strong governance with focus on diversity, succession planning, and director independence.

• Outlook cautious given ongoing global economic disruptions, but group remains committed to customer-centric solutions and prudent growth.