ASL Marine’s FY2024: Revenue Up, Mixed Profit Results

ASL Marine Holdings Ltd. (SG:A04) has released an update.

ASL Marine Holdings Ltd. reports a mixed financial performance for FY2024, with an annual increase in revenue to $349.3 million, up by 4% from FY2023, but experiencing a significant quarterly drop in profits before tax in 4Q FY2024, down $10.6 million from the same quarter last year. The overall annual profit before tax rose to $12.6 million, credited to higher revenue and gains on asset disposals, which offset the lower reversals of impairment and associates’ results. The company continues its efforts to meet the financial exit criteria set by the Singapore Exchange by December 2024.

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