Link: https://links.sgx.com/1.0.0/corporate-announcements/J2NGJYH000YFFQPZ/df5cdb86e5ad057057274ee1237eb4a590d9ceba2fafa45190ca14d09298f120

Summary:

• Revenue climbed 17% year-on-year to S$20.6 million, fueled by higher sales of fruit and non-hazardous chemical products, with China accounting for the bulk of growth.

• Net profit reached S$61,000, reversing a net loss of S$316,000 in the prior-year period; gross margin improved to 4.3% as product margins and volumes strengthened.

• Administrative expenses dropped 9% thanks to ongoing cost control efforts, while foreign exchange losses weighed on other income.

• Cash flow from operations increased to S$811,000, and cash and equivalents rose to S$2.1 million, reflecting tighter working capital management and support from a related-party loan.

• No dividend declared for this period; board cites accumulated losses as reason while focusing on export-led recovery targeting Southeast Asia and beyond.

• Board maintains caution as weak Chinese consumer demand and currency risks persist, with expansion beyond China and continued focus on Basha fish imports and chemicals for future growth.