Kwan Yong Holdings Faces Profit Decline in 2024

Kwan Yong Holdings Limited (HK:9998) has released an update.

Kwan Yong Holdings Limited has announced its annual results for the financial year ended June 30, 2024, revealing a decrease in profit for the year compared to the previous year, from SGD 2,325,000 to SGD 1,571,000. Despite a notable increase in revenue from SGD 111,435,000 to SGD 133,829,000, higher cost of sales and administrative expenses impacted the overall profitability. The basic and diluted earnings per share also dropped from 0.29 cents to 0.20 cents.

For further insights into HK:9998 stock, check out TipRanks’ Stock Analysis page.