Koyo International Limited (SG:5OC) has released an update.
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Koyo International Limited, in their recent announcement, explained their decision not to declare dividends for the fiscal year 2023, citing the need to conserve cash for future projects. The company is focusing on prudent financial management and has a robust pipeline with contracts worth S$199.1 million set for completion between 2024 and 2026. Their stance reflects a strategic approach to ensure the company’s long-term growth and sustainability.
For further insights into SG:5OC stock, check out TipRanks’ Stock Analysis page.