Lum Chang H1 earnings surge to S$7.3 million despite lower revenue
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Lum Chang reported a net profit of S$7.3 million for H1 FY2026, a 108% increase from S$3.5 million in H1 FY2025, despite an 8% revenue decline to S$220.6 million. The construction segment saw a 19% drop in sales, while the restoration segment grew by 38%. The board proposed an interim dividend of S$0.005 and a special dividend of S$0.015, payable on Mar 16. The company anticipates ongoing operational challenges but aims to focus on cost management and project execution. Shares closed at S$0.71, down 1.4% before the results announcement.
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