Tan Chong group announced its second quarter results recorded revenue of RM471.9 million, a reduction of 12.4% compared to the same period preceding year. The Group registered a Loss Before Tax of RM22.6 million in the current quarter under review, compared to LBT of RM60.5 million in the same period preceding year, the narrowed loss was mainly due to lower operating cost and interest expenses during the current quarter and lower net foreign exchange loss compared to the same period preceding year.
For the six months ended 30 June 2026, the Group achieved revenue of RM0.9 billion, 14.9% lower than the same period in the preceding year. The Group recorded a LBT of RM30.9 million for the current year-to-date period, compared to a LBT of RM55.9 million in the same period last year. Despite the lower revenue during current year-to-date and one-off fair value gain on investment properties of RM54.0 million recognised in the same period preceding year, the narrowed loss was mainly due to recognition of gain on disposal of asset classified as held for sale of RM20.1 million, lower operating cost and interest expenses and net foreign exchange gain during the current year-to-date compared to net foreign exchange loss in the same period
preceding year.
As at 30 June 2026, the Group’s retained earnings stood at RM1.14 billion. The net assets per share as at 30 June 2026 was RM3.96, RM0.05 lower compared to RM4.01 as at 31 December 2025, mainly due to losses incurred during the current period under review.
