Jedi Group (08313) is expecting the first half of the year's results to turn a year-on-year loss into a profit of about SGD 590,000

According to the Zhitong Finance App, Jedi Group (08313) announced that the group expects to make a net profit of about SGD 590,000 in the first half of 2026, compared to a net loss of about SGD 730,000 for the same period last year.

According to the announcement, the main reasons for the expected reversal of loss into profit were (i) the Group's revenue increased by SGD 210,000 or 15.2%; (ii) the return of about SGD 1.83 million from impairment losses on financial assets, compared with a net loss of about SGD 140,000 in the same period last year; (iii) a reduction in employee costs of about SGD 250,000, or 14.3%, compared to a net loss of about SGD 250,000 or 14.3% for the same period last year.