Tai Sin Electric FY26 profit drops 56.84% to SGD 11.2 million; revenue rises 24.24% to SGD 597.25 million
Reuters2026/08/28 09:52Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Tai Sin Electric posted FY2026 revenue of $597.25 million, up 24.24%, while profit attributable to shareholders fell 56.84% to $11.2 million.
- Gross profit slid 14.41% to $68.65 million; gross margin narrowed 5.19 percentage points to 11.49%.
- Second-half revenue rose 28.26% to $315.04 million, while profit for the period dropped 70.01% to $3.07 million.
- Provision for onerous contracts was $23.14 million for the year, tied to fixed-price contracts with deliveries expected over one to three years.
- Renewable Energy Solutions, acquired in November 2025, contributed $59.83 million of revenue for the year.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tai Sin Electric Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: PJ8Y51C03Q0FCNMB) on August 28, 2026, and is solely responsible for the information contained therein.
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