JE Cleantech - Singapore-based Precision Cleaning Manufacturer Sees Growth in Revenue and Net Income in H1 2024
JE Cleantech (NASDAQ: JCSE) reported strong financial results for H1 2024, with revenue increasing 21.9% to S$10.7 million (US$7.9 million) compared to H1 2023. The growth was driven by a 28.7% increase in sales of cleaning systems and equipment, and an 11.0% increase in centralized dishwashing services. Net income showed significant improvement, rising 114.3% to S$0.6 million (US$0.4 million) from S$0.3 million in H1 2023. The company attributes this performance to its solid customer base in precision cleaning systems and strategic expansion in centralized dishwashing business.
JE Cleantech (NASDAQ: JCSE) ha riportato risultati finanziari solidi per il primo semestre del 2024, con un aumento del fatturato del 21,9% a S$10,7 milioni (US$7,9 milioni) rispetto al primo semestre del 2023. La crescita è stata sostenuta da un aumento del 28,7% nelle vendite di sistemi e attrezzature di pulizia e da un incremento dell'11,0% nei servizi di lavaggio centralizzato. Il reddito netto ha mostrato un miglioramento significativo, aumentando del 114,3% a S$0,6 milioni (US$0,4 milioni) rispetto ai S$0,3 milioni del primo semestre 2023. L'azienda attribuisce queste prestazioni a una solida base clienti nei sistemi di pulizia di precisione e a una strategica espansione nel settore del lavaggio centralizzato.
JE Cleantech (NASDAQ: JCSE) reportó resultados financieros sólidos para el primer semestre de 2024, con un aumento de los ingresos del 21,9% a S$10,7 millones (US$7,9 millones) en comparación con el primer semestre de 2023. El crecimiento fue impulsado por un aumento del 28,7% en las ventas de sistemas y equipos de limpieza, y un incremento del 11,0% en servicios de lavado centralizado. El ingreso neto mostró una mejora significativa, creciendo un 114,3% a S$0,6 millones (US$0,4 millones) desde S$0,3 millones en el primer semestre de 2023. La empresa atribuye este desempeño a su sólida base de clientes en sistemas de limpieza de precisión y a la expansión estratégica en el negocio de lavado centralizado.
JE Cleantech (NASDAQ: JCSE)는 2024년 상반기에 강력한 재무 결과를 보고했으며, 매출이 21.9% 증가하여 S$10.7백만 (US$7.9백만)에 도달했습니다. 이는 2023년 상반기와 비교한 수치입니다. 성장은 청소 시스템 및 장비 판매에서 28.7% 증가와 중앙 집중식 식기 세척 서비스에서 11.0% 증가에 의해 주도되었습니다. 순이익은 114.3% 상승하여 S$0.6백만 (US$0.4백만)으로 증가했으며 이는 2023년 상반기의 S$0.3백만에서의 감소입니다. 회사는 정밀 청소 시스템의 견고한 고객 기반과 중앙 집중식 식기 세척 사업에서의 전략적 확장을 이 성과의 원인으로 보고 있습니다.
JE Cleantech (NASDAQ: JCSE) a annoncé de solides résultats financiers pour le premier semestre 2024, avec une augmentation des revenus de 21,9% atteignant S$10,7 millions (US$7,9 millions) par rapport au premier semestre 2023. Cette croissance a été soutenue par une augmentation de 28,7% des ventes de systèmes et d'équipements de nettoyage, et une hausse de 11,0% des services de lavage centralisé. Le revenu net a montré une amélioration significative, augmentant de 114,3% pour atteindre S$0,6 millions (US$0,4 millions) contre S$0,3 millions au premier semestre 2023. L'entreprise attribue cette performance à sa solide base de clients dans les systèmes de nettoyage de précision et à une expansion stratégique dans le secteur du lavage centralisé.
JE Cleantech (NASDAQ: JCSE) hat für das erste Halbjahr 2024 starke Finanzergebnisse gemeldet, mit einem Umsatzanstieg von 21,9% auf S$10,7 Millionen (US$7,9 Millionen) im Vergleich zum ersten Halbjahr 2023. Das Wachstum wurde durch einen Anstieg der Verkäufe von Reinigungsanlagen und -geräten um 28,7% sowie eine Erhöhung der zentralen Geschirrspüldienste um 11,0% angetrieben. Der Nettogewinn zeigte eine deutliche Verbesserung, stieg um 114,3% auf S$0,6 Millionen (US$0,4 Millionen) von S$0,3 Millionen im ersten Halbjahr 2023. Das Unternehmen führt diese Leistung auf seine solide Kundenbasis in den Präzisionsreinigungssystemen und die strategische Expansion im zentralen Geschirrspülgeschäft zurück.
- Revenue increased 21.9% to S$10.7 million in H1 2024
- Net income grew 114.3% to S$0.6 million in H1 2024
- Cleaning systems and equipment sales up 28.7%
- Centralized dishwashing services revenue increased 11.0%
- None.
Insights
The financial performance shows promising momentum with
- Cleaning systems segment grew
28.7% , showing strong core business performance - Centralized dishwashing services up
11.0% , demonstrating successful diversification - Improved profitability indicates effective cost management and operational efficiency
While the absolute numbers remain modest, the growth trajectory and margin expansion are encouraging signs for this small-cap company. The focus on Singapore market reduces currency risks but may limit growth potential. Investors should monitor customer concentration and overseas expansion execution as key metrics going forward.
- JE Cleantech released its H1 2024 interim results, seeing a
21.9% increase in revenue and a114.3% increase in net income compared to H1 2023. - The H1 2024 results reflected JE Cleantech’s efforts since the last financial year to continue its trajectory to retaining its solid customer base for the precision cleaning systems and leveraging its expanded customer base through strategic efforts in provision of centralized dishwashing business.
SINGAPORE, Nov. 01, 2024 (GLOBE NEWSWIRE) -- JE Cleantech Holdings Limited (“JE Cleantech” or “JCSE” or “the Company”) (NASDAQ: JCSE), a leading Singaporean cleantech and precision engineering company, released its financial results for the six-month period ended June 30, 2024 (“H1 2024”) on 31 October 2024. The Company experienced growth in revenue and net income compared to the corresponding period last year (“H1 2023”).
In H1 2024, JCSE’s revenue experienced an increase of
“We remain committed to our pursuit of excellence, innovation, and sustainable growth. By adapting to market changes, enhancing customer relationships and leveraging the longstanding relationships we have with our customers to build traction for our products and services, as well as closely monitoring our cost dynamics, we aim to continue our trajectory of success.” shared Elise Hong Bee Yin, Founder and CEO of JE Cleantech. The Company remains committed to Singapore as a priority market while monitoring opportunities overseas.
About JE Cleantech Holdings Limited
JE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of precision cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company has also provided centralized dishwashing services, through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. For more information about JE Cleantech, please visit our website: www.jecleantech.sg.
Disclaimer: Forward looking statements
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as "should," "intends," "is subject to," "expects," "will," "continue," "anticipate," "estimated," "projected," "may," "I or we believe," "future prospects," "our strategy," or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues among other things involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update "forward-looking" statements.
For Media Enquiries and Investor Relations, please contact:
Jason Long
Email address: enquiry@jecleantech.sg
Phone number: +65 63684198
Other number: +65 66029468
FAQ
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