Tai Sin Electric warns of significantly lower 1H FY2026 profit on copper price surge
Summary:
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Tai Sin Electric expects to report a significantly lower net profit for 1H FY2026 versus the corresponding period a year earlier, after a preliminary review of unaudited results.
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The profit squeeze stems mainly from a sudden spike in copper prices in late December 2025, forcing the Group to book additional provisions for onerous contracts locked in at committed selling prices.
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These affected contracts, secured earlier at fixed prices, remained uncompleted as at 31 December 2025, exposing the Group to adverse input-cost movements.
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The company plans to release its full unaudited 1H FY2026 financial statements by 14 February 2026 via SGXNet.
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Shareholders and potential investors are advised to exercise caution when trading the company’s shares and to seek professional advice where necessary.