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 share of 0.35 yuan previously.
Revenue rose to 208.9 million yuan, compared to 27 million yuan for the period to December 2017. This was mainly due to contributions...