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800 Super's FY profit almost doubles on one-time gain, higher revenue

ENVIRONMENTAL services provider 800 Super Holdings said its net profit for the full year ended June 30 nearly doubled to S$17.56 million from S$8.97 million a year ago, bolstered by one-time gain of S$5.4 million from the disposal of a property at 2 Loyang Walk and stronger revenue.

The group recorded a 22 per cent growth in revenue to S$140.3 million for the fiscal year, mainly contributed by projects that were re-awarded with revised pricing and new contracts awarded.

For the fiscal year, the proposed final dividend of S$0.02 per ordinary share is subject to approval by shareholders at the next annual general meeting to be convened.

Shares of 800 Super Holdings slipped 9.1 per cent on Monday to 40 cents, amid a broad equities market rout.