CTR Holdings expects significant profit increase for the year

CTR Holdings Limited has issued a positive profit alert, informing shareholders that it anticipates a significant increase in profit for the year ended February 28, 2025. The Group expects to record a profit of no less than approximately S$7.70 million, a notable increase compared to the S$2.67 million profit recorded in the previous financial year. The expected profit surge is primarily attributed to revenue growth stemming from the timely delivery of multiple major construction projects, alongside accelerated execution of key contracts. Additionally, the Group has secured several large contracts during the year, contributing to higher overall revenue. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. The company will release the final results announcement in due course.