RICH CAPITAL HOLDINGS LIMITED 199801660M
80 Robinson Road, #02-00, Singapore, 068898
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80 Robinson Road, #02-00, Singapore, 068898
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BREAKING:
Rich Capital Holdings Limited has announced a significant positive turnaround for the half year ended 30 September 2025, moving from reporting a net loss in the previous corresponding period to an expected net profit. This shift is primarily driven by a substantial increase in other income, generated by the gain on the disposal of its wholly-owned subsidiary, Rich Batam Private Limited. Although overall revenue decreased as existing projects neared completion, the Group's gross profit margin improved due to a more favourable mix of revenue, with higher-margin subcontracting services forming a larger proportion. The Group is focusing on future business development and strategic investments.
• The Group recorded a positive shift in its bottom line, moving from a loss to a profit, predominantly due to a major corporate divestment
• Despite a decrease in project activity because most value has been completed, the Group observed an improvement in profit margin through changes in its service offerings
• Shareholders are advised to exercise caution when dealing in the Company's shares as the Board plans to secure funding for future business expansion and exploration of new projects
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BREAKING:
Rich Capital Holdings Limited reported a net loss for the financial year ended 31 March 2025, although this was less severe than the previous year. The Group experienced a substantial decline in revenue, primarily as its construction projects neared completion. Concurrently, cost of sales and general and administrative expenses also decreased. The company has streamlined its operations, ceasing to report on multiple business segments and now focusing on a single one, with a subsidiary disposed of subsequent to the financial year-end. The outlook for the real estate market remains cautious yet optimistic.
• The Group has significantly narrowed its business scope, moving away from a diversified structure to focus on a single reporting segment
• Despite a challenging operational environment, the Group's financial deficit for the period saw an improvement
• Looking ahead, the company is adopting a measured and selective approach to future projects, anticipating a decrease in revenue in the coming financial year
There will be an AGM on
Event dates:
|
Meeting Date and Time |
28/7/2023 15:30:00 |
|
Response Deadline Date |
26/7/2023 15:30:00 |
For more information, click here: RICH CAPITAL HOLDINGS LIMITED 2023 AGM