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Raffles Infrastructure back in the black

With its profit turnaround this year, the group plans to apply to the SGX to be dropped from the bourse's watch list

Published Fri, Aug 30, 2019 · 09:50 PM

Singapore

RAFFLES Infrastructure Holdings, formerly known as China Fibretech, is back in the black, with a net profit of 32.6 million yuan (S$6.3 million) over 18 months. This is a reversal from a loss of 3.1 million yuan for the 12 months to Dec 31, 2017.

The watch-listed company announced in February that it was changing its financial year from Dec 31 to June 30; its latest financial statements therefore covered a period of 18 months from Jan 1, 2018 to June 30, 2019.

Earnings per share came in at 0.61 yuan, a turnaround from a loss per sh…

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