JE Cleantech - Singapore-based Precision Cleaning Manufacturer Sees Growth in Revenue and Net Income in H1 2024

Core Viewpoint - JE Cleantech Holdings Limited reported significant growth in revenue and net income for H1 2024 compared to H1 2023, indicating a successful strategy in maintaining and expanding its customer base in the precision cleaning systems and centralized dishwashing business [1][2][3]. Financial Performance - Revenue for H1 2024 increased by 21.9% to S$10.7 million (US$7.9 million) compared to H1 2023 [3]. - Net income rose by 114.3% to S$0.6 million (US$0.4 million) in H1 2024, up from S$0.3 million (US$0.2 million) in H1 2023 [3]. Business Segments - The growth in revenue was driven by a 28.7% increase in sales of cleaning systems and other equipment, alongside an 11.0% increase in the provision of centralized dishwashing and ancillary services [3]. - The company has been focusing on precision cleaning systems, which include advanced features for effective contaminant removal [5]. Strategic Focus - The company aims to continue its trajectory of success by enhancing customer relationships, adapting to market changes, and closely monitoring cost dynamics [4]. - JE Cleantech remains committed to Singapore as a priority market while exploring opportunities in overseas markets [4].