Boustead Projects (SGX:AVM) First Half 2023 Results

Key Financial Results

• Revenue: S$117.7m (down 34% from 1H 2022).

• Net income: S$7.67m (up 30% from 1H 2022).

• Profit margin: 6.5% (up from 3.3% in 1H 2022). The increase in margin was driven by lower expenses.

• EPS: S$0.024 (up from S$0.019 in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Boustead Projects Earnings Insights

Looking ahead, revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Construction industry in Asia are expected to grow by 12%.

Performance of the market in Singapore.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Boustead Projects that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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