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Financials

Half Year Results Financial Statement And Related Announcement For the Financial Period Ended 30 June 2017

Financials Archive

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Consolidated Statement of Comprehensive Income for the period ended 30 June 2017

Income Statement

Statement of Financial Position as at 30 June 2017

Balance Sheet

Commentary

While the global economy is generally looking brighter, the outlook for the Singapore economy remains cautious as certain sectors, such as construction remains relatively slow in light of fewer activities from the private sector. The construction sector in Singapore will continue to be supported by the public sector projects. According to Building and Construction Authority ("BCA") estimates, total construction demand in 2017 is expected to be between S$28.0 billion and S$35.0 billion, with public sector projects contributing about 70% of the total demand (1). During 1H2017, the Group's Construction division has secured three new public sector projects worth approximately S$128.3 million.

The precast business is expected to continue to benefit from government policies and projects where precast concrete components are used, such as HDB flats and MRT tunnelling works. In view of the competitive market conditions, the Group's Precast division would continue to focus on productivity improvement at its casting yard at Batam Indonesia.

As at 30 June 2017, the Group's Construction and Precast divisions have outstanding order books of approximately S$215 million and S$68 million respectively.

Footnotes:
(1) "Public sector construction demand is expected to increase this year", BCA, 6 January 2017

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