China next-gen commerce revenue up, profit stable

China Next-Gen Commerce and Supply Chain Limited (HKEX:3928) announced its interim results for the six months ended March 31, 2025, showcasing increased revenue and consistent profitability. Total revenue reached S$32.0 million, up from S$23.6 million in 1HFY24. Gross profit remained steady at S$2.8 million. Net profit increased slightly to S$0.4 million, compared to S$0.3 million in the previous year. The company attributes the revenue increase primarily to growth in civil engineering works and gains in foreign exchange and scrap material sales, partially offset by decreased revenue in ancillary services and other income. Basic and diluted earnings per share stood at S$0.09. The Board has resolved not to recommend the declaration of an interim dividend for 1HFY25.