Attika's 1HFY2026 earnings up 11.7% y-o-y to $1.9 mil; secures $13.8 mil interior fit-out contracts

Teo Zheng Long

Aug 13

Attika has secured additional interior fit-out contracts worth $13.8 million, with completion expected by FY2027.Attika Group 53W has reported net profit attributable to owners of $1.9 million for ...

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The lower revenue was due to the timing of project progress and revenue recognition during 1HFY2026.\nGross profit increased 13.3% y-o-y to $4 million while gross profit margin was up by 2.5 percentage points to 20.9% from 18.4% a year ago. The higher margin was driven by improved cost management.\nAdministrative expenses declined marginally by 3.9% y-o-y to $1.7 million, while finance costs saw a drop of 13.5% y-o-y to $217,000, following the early settlement of a bank borrowing back in 2HFY2025.\nDuring the period, Attika has secured additional interior fit-out contracts worth $13.8 million, with completion expected by FY2027. Attika expects the contracts to contribute progressively to its financial performance over the next two years.\n\"We enter the first half of the year with healthy momentum: we have added S$13.8 million of new contracts to our order book, and our recently completed bonus issue has made our shares more accessible to a broader base of investors. We remain committed to disciplined execution and to delivering sustainable value to our shareholders,\" says Steven Tan, executive chairman and managing director of Attika.\nShares of Attika closed unchanged at 20.5 cents on Aug 13.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}