China Next-Gen Commerce net profit up in first half

China Next-Gen Commerce and Supply Chain Limited (HKEX:3928) announced its interim results for the six months ended 31 March 2025, reporting an increase in net profit from S$0.3 million in 1HFY24 to S$0.4 million in 1HFY25. Revenue increased by S$8.4 million to approximately S$32.0 million driven primarily by civil engineering works. The Group's gross profit remained stable at S$2.8 million. Earnings per share were $0.09 cents (up from $0.05 cents in the previous year). The company's construction services accounted for 99.1% of the total revenue. As a result, the Board has resolved not to recommend the declaration of an interim dividend for 1HFY25.