Rectitude Holdings Ltd (RECT) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Rectitude Holdings Ltd, a key player in the safety equipment and industrial hardware products market, has reported a revenue increase of 9.86% and a rise in gross profit margin to 35.57% for the fiscal year ending March 31, 2024. The company also noted a net income of US$2.49 million, which signifies a slight decrease from the previous year’s S$3.93 million. Following a successful IPO, Rectitude plans to invest in expanding its operations and product range to meet growing demand in Southeast Asia.
For further insights into RECT stock, check out TipRanks’ Stock Analysis page.