Vibrant Group Posts Net Profit of S$3.3 Million in H1 2025
LOGISTICS company Vibrant Group has posted a net profit of S$3.3 million for the half-year ended Oct 31, reversing a loss of S$3.2 million in the year-ago period.
Improved Revenue and Reduced Expenses Contribute to Profit
The company attributed its performance to improved revenue from shipping as well as increases in other income and finance income. Meanwhile, operating expenses and finance costs fell.
Revenue Rises 12.4% to S$78.7 Million
Revenue for the period rose 12.4 per cent to S$78.7 million from S$70 million the year before. The mainboard-listed company attributed this to higher sea freight rates and increased cargo volumes.
Other Income and Finance Income See Significant Increases
Other income increased significantly to S$3.1 million from S$412,000 in the year-ago period, due to fair value gains on equity investments, gains on disposal of other investments, and foreign exchange gains. It posted a foreign exchange gain of S$1.6 million on the strengthening of the Malaysian ringgit.
Finance income rose 24.9 per cent to S$1.5 million due to higher interest from bank deposits and loans to related parties, while finance costs declined 10.9 per cent to S$4.2 million on lower interest expenses on bank borrowings and lease liabilities.
Earnings Per Share and Interim Dividend
Earnings per share for H1 stood at S$0.0049, up from a loss per share of S$0.0047 previously. No interim dividend for the half-year was recommended.
Outlook for the Rest of FY2025
The company did not elaborate on its outlook for the rest of FY2025.
Shares of Vibrant Group End Trading Down 3.7%
Shares of Vibrant Group ended trading on Friday down 3.7 per cent or S$0.002 at S$0.052.
Conclusion
Vibrant Group’s improved revenue and reduced expenses have contributed to a net profit of S$3.3 million in H1 2025, reversing a loss in the year-ago period. The company’s performance is expected to continue, but no outlook was provided for the rest of FY2025.
FAQs
Q: What was Vibrant Group’s net profit in H1 2025?
A: S$3.3 million
Q: What was the company’s revenue in H1 2025?
A: S$78.7 million
Q: What contributed to the company’s improved performance?
A: Improved revenue from shipping, increases in other income and finance income, and reduced operating expenses and finance costs
Q: Did the company recommend an interim dividend?
A: No
Q: What was the company’s outlook for the rest of FY2025?
A: The company did not provide an outlook
