Wee Hur H1 profit falls 42% to S$38.7 million

[SINGAPORE] Property company Wee Hur on Thursday (Aug 14) posted a 42 per cent decline in net profit to S$38.7 million for the six months ended Jun 30, 2025, from S$66.5 million in the year-ago period.

This translated to an earnings per share (EPS) of S$0.0421, 42 per cent down from an EPS of S$0.0723 in H1 2024.

Revenue rose 43 per cent to S$156 million from S$109.1 million, driven by strong performance in the property development and fund management segments, despite a decline in the construction segment.

The group recorded other losses totalling S$22.8 million in H1 2025, compared with S$8.2 million in the previous corresponding period.

The board declared an interim cash dividend of S$0.005 per ordinary share for H1, an increase from S$0.002 per ordinary share in the year-ago period. It will be paid on Sep 5, after the book closure date of Aug 22.

The counter finished Thursday at S$0.68, down S$0.01 or 1.5 per cent, before the announcement.