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Interim Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)
$ in Thousands, $ in Thousands
6 Months Ended
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2024
SGD ($)
$ / shares
shares
Jun. 30, 2023
SGD ($)
$ / shares
shares
Income Statement [Abstract]      
Revenues $ 7,927 $ 10,742 $ 8,814
Cost of revenues (5,835) (7,908) (6,716)
Gross profit 2,092 2,834 2,098
Operating expenses:      
Selling and marketing expenses (63) (86) (38)
General and administrative expenses (1,609) (2,181) (1,868)
Total operating expenses (1,672) (2,267) (1,906)
Income from operations 420 567 192
Other income (loss):      
Other income 408 554 463
Interest expense (175) (236) (183)
Other expense (47) (64) (119)
Change in fair value in financial instrument (37) (49)
Total other income (loss) 149 205 161
Income before tax expense 569 772 353
Income tax expense (128) (174) (74)
Net income 441 598 279
Other comprehensive income      
Foreign currency translation gain/ (loss), net of taxes (21) (29) (52)
Total comprehensive income(loss) $ 420 $ 569 $ 227
Net income per share attributable to ordinary shareholders      
Basic | (per share) $ 0.09 $ 0.12 $ 0.06
Diluted | (per share) $ 0.09 $ 0.12 $ 0.06
Weighted average number of ordinary shares used in computing net income per share      
Basic, Shares [1] 5,006,666 5,006,666 5,006,666
Diluted,Shares [1] 5,006,666 5,006,666 5,006,666
[1] Giving retroactive effect to the reverse share split effected which are detailed in Note 15 to the consolidated financial statements