Soilbuild Construction has reported a remarkable 58.4% increase in revenue for the financial year 2024, driven by significant growth in its Construction and Precast and Prefabrication segments. The Construction division alone contributed 81.5% of the total revenue, highlighting its pivotal role in the company’s success. This surge in revenue has also led to an improvement in operating cash flow, with the company generating S$35.9 million, enhancing its liquidity position.
The company’s Construction segment grew by 53.1%, whilst the Precast and Prefabrication segment saw an impressive 87.1% increase. This growth is attributed to strategic business objectives and key revenue drivers that have been effectively managed by Soilbuild Construction’s leadership. The company is now exploring plans to diversify its revenue streams, ensuring sustainable growth in the future.
In addition to revenue growth, Soilbuild Construction’s improved liquidity positions it well for future investments and operational enhancements. The company is considering various options for deploying its increased cash flow, which could include expanding its current operations or investing in new opportunities within the industry.
The insights into Soilbuild Construction’s performance were shared as part of the “10 in 10” series, which provides a concise overview of SGX-listed companies through a series of management Q&As. This format allows for a deeper understanding of the company’s current business landscape and future strategies. As Soilbuild Construction continues to lead in green building, its focus on innovation and sustainability remains at the forefront of its operations.
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