Intraco Ltd. (SG:I06) has released an update.
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Intraco Ltd. has reported a notable financial improvement with an unaudited revenue of S$135 million and a net profit before tax of S$1.5 million for the period ending September 2024, largely due to a reversal in impairment losses. The company plans to exit its passive fire protection business and focus on core areas including trading, trade finance, and digital assets, supported by a strategic investment in Tradetok Pte. Ltd. aimed at capitalizing on the regional trade and supply chain financing demand.
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