Guanli Holdings (01872) announced interim results. Profit attributable to shareholders of SGD 951,000 decreased by 85.14% year over year

According to the Zhitong Finance App, Guanli Holdings (01872) announced interim results for the six months ended June 30, 2024. The group obtained revenue of S$80.12 million, a year-on-year decrease of 28.6%; profit attributable to the company's equity holders was SGD 951 thousand, a year-on-year decrease of 85.14%; and earnings per share were 1.09 Singapore points.

In the first half of 2024, the Group sold 390 new cars and 202 used cars respectively, while 388 new cars and 202 used cars were sold respectively in the same period of 2023. Additionally, revenue decreased by approximately S$32.1 million, which was mainly due to reduced customer demand. This is mainly due to the increase in the number of cars sold and the increase in the average price of cars sold.