GRANDSHORES (01647) Issues Positive Profit Alert, Expecting Interim Profit of Approximately S$500,000 to S$1 Million

GRANDSHORES (01647) announced that the Group expects to record a profit for the period of approximately S$500,000 to S$1 million for the six months ended September 30, 2026, compared with a loss for the period of approximately S$1.6 million for the six months ended September 30, 2025. The Board considers that the above turnaround from loss to profit was primarily attributable to the following factors: (1) administrative expenses decreased from approximately S$8.4 million in the prior period to approximately S$7.7 million in the current period, due to a reduction in headcount and staff-related expenses; and (2) other gains and losses turned from a loss of approximately S$900,000 in the prior period to a gain of approximately S$300,000 in the current period, which was due to a decrease in exchange losses resulting from exchange rate fluctuations and the recognition of a gain on disposal of a subsidiary during the current period.