ISOTeam: building maintenance and green solutions

ISO team is Singapore's leading player in the building maintenance and estate upgrading industry with more than two decades of experience ISO team has undertaken over 860 refurbishment and upgrading projects for over 7,000 buildings Isa team has demonstrated remarkable performance in its first half 24 results driven by strategic focus on its core business segments this year I think we got good Improvement in the first half basically due to two main reason firstly I think we are focusing back to the cor business secondly I think the the preo project all completed preo project roughly about 95% we all completed and handing over left a little de end one we going to finish it within this year preo project first the is Lil I think the pre-co project is those were toring based on normal circumstances then postco there's a lot of cost increase in the labor material there say but as a contractor when we tended for it we had to buy the bullet and finish out the job there's no cost adjustment for for for our sector ISO team's decision to refocus on its Core Business segments has paid off significant ific L first half 24 saw higher Revenue contributions from a group two key segments the main reason of the increase is size and the volume we we we guess mainly due to the backlock during the covid time B is cage project they had to do it every 5 years 7 year 10 years during Co the two year actually very little project is push up now postco I think it's a time for them to come to push up all these standers again now they say you can see there's a increase in size and volume then second reason I think everybody will know the G is around a corner I I think is coming soon that's why I I think as usual the government will push up more tender and more contracts in this area the private housing ISO team is constantly on the lookout to enhance its margin by integrating new technologies an example is their recent use of drone technology actively looking or some technology digitization or high tech technology to adopt in business the first successful case for us is the the Dome inspection we using doome to carry out the facad inspection usually the traditional one you had to set out Gondola set out scar folding bring an engineer go out the gondola to to spend about four to 6 weeks to car out inspection reports and repair then when when we introduce we are the first company in Inu the drum inspection we can complete a job for one block within 3 days then by by by doing that I think this this idea has widely recognized and welcome by the town C and the now currently we we are in the state of developing a AI Andor painting drone hopefully this D can be I think commercialized by end of this year we we we hopefully also we hope with this painting drum Ai and painting drum will able to improve our margin as well as our Revenue in the INR the pandemic has resulted in a pause in dividends ISO team is set to resume dividend distribution ISO team plans to distribute to its shareholders at least 25% of its net profit for FY 24 and 30% for fy2 this compares favorably to the previous policy of 20% notably first half FY 24 net profit has already surpassed full year net profit of FY 23 this is a promising development for shareholders and underscores ISO team's commitment to returning value to its investors ISO teams focus on its Core Business segments Innovative technology adoption and a more favorable dividend policy has positioned itself for success in the coming years you