WEI YUAN HLDG (01343) announces a positive earnings forecast, expecting a mid-term net profit of approximately SGD 3.1 million to SGD 3.5 million.

WEI YUAN HLDG (01343) announced that, based on a preliminary assessment of the Group's unaudited consolidated management accounts for the six months ending June 30, 2026, the Group expects to record a consolidated profit of approximately SGD 3.1 million to SGD 3.5 million for the six months ending June 30, 2026, compared to a profit of approximately SGD 300,000 for the corresponding period in 2025. The Board believes that the increase in profit for the six months ending June 30, 2026, compared to the six months ending June 30, 2025, is primarily due to the following factors: (a) an increase in the volume of orders received and the number of projects undertaken during the period, leading to greater revenue contributions from ongoing projects; and (b) significant progress on the Group's ongoing projects, resulting in growth in recognized revenue and corresponding gross profit based on the completion stages of these projects.