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[SINGAPORE] Hong Leong Asia posted a 13.1 per cent rise in net profit to S$56 million for the first half of its financial year ended Jun 30, 2025, from S$49.5 million in the previous corresponding period.
This was mainly due to the strong performance of its subsidiary Yuchai, as well as higher precast concrete volumes, the company said in a bourse filing on Tuesday (Aug 12).
Earnings per share stood at S$0.0749 for the recent H1, up from S$0.0662 cent in the previous year.
Revenue for H1 rose 25.7 per cent to S$2.8 billion, from S$2.3 billion a year earlier. This was due to strong growth from powertrain solutions.
An interim dividend of S$0.02 per share was declared for the half-year, up from the S$0.01 per share the year before. The dividend will be paid on Sep 9, after the record date on Aug 28.
Looking ahead, the company said that it does not expect the US tariffs to have any direct impact on its operations.
Nevertheless, uncertainties regarding the global economy and the key markets that the company serves will continue to persist in this new era, it said.
It expects that its businesses will deliver “satisfactory results” in 2025.
Shares of Hong Leong Asia closed 1.1 per cent or S$0.02 higher at S$1.86 on Tuesday, before the release of the results.
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