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Sanli profit rises 31.3% despite revenue drop

Sanli Environmental Limited has reported a 31.3% increase in net profit for the financial year ending 31 March 2026, despite a decline in revenue. The company’s net profit rose to S$2.3m, whilst revenue fell by 11.4% to S$139.6m due to extended project timelines in its Engineering, Procurement, and Construction (EPC) segment. The EPC segment remains the largest contributor to the group’s revenue, generating S$95.3m.

Sanli’s gross profit margin improved from 9.3% in FY2025 to 11.1% in FY2026, attributed to cost efficiencies and savings in raw material costs within the EPC segment. The company also reported a strengthened balance sheet, with a net asset value per share of 18.27 Singapore cents as of 31 March 2026.

The group has an order book valued at S$748.1m with a focus on timely project execution for both private and public sector clients, including PUB and LTA. Sanli’s Emerging Business Segments saw significant growth in chemical manufacturing, with sales of magnesium hydroxide slurry exceeding 1,000 tonnes, up from less than 200 tonnes in the previous year.

Sanli’s CEO, Sim Hock Heng, highlighted the company’s commitment to improving operating margins and exploring new opportunities within the environmental industry. The company has proposed a final dividend of 0.189 Singapore cents per share, representing approximately 30% of the net profit attributable to shareholders.

This story was selected and published by a human editor, with content adapted from original press material using AI tools. Spot an error? Report it here.

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