Chuan Holdings (01420) released its 2021 results, showing net profit attributable to shareholders of S $1.5 million, a year-on-year turnaround from loss to profit

2022-05-10 0 By

Sichuan Holdings LTD. (01420) announced earnings of 85.416 million Singapore dollars for the year ended 31 December 2021, up 17.98% year on year.Owners should account for NET profit of S $1.5 million, while shareholders should account for loss of S $8.369 million for the same period in 2020;Underlying earnings per share were 0.14 Singapore cents.The group’s return to profit in 2021 was mainly due to the recovery of the construction industry, recovery of activity and financial assistance from the Singapore government, the statement said.