The company’s revenue has risen 58% to S$391.8 million and earnings have more than trebled to S$26.6 million in FY2024
[SINGAPORE] The pandemic years of 2020 to 2022 were challenging years for Soilbuild Construction. Revenue and profits slumped as construction activity – and the world – came to a halt.
It was during those dark days when group chief executive officer Lim Han Ren joined the company. “I would say it was like a baptism of fire,” he quipped. He was not an engineer by training, and the learning curve was steep.
But what Lim had was a fresh pair of eyes. His experience in private equity helped him identify new opportunities, as well as ways to strengthen Soilbuild’s brand and differentiate itself from competitors.
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