TBK & Sons Holdings Reports Sharp Decline in Annual Profit

TBK & Sons Holdings Limited (HK:1960) has released an update.

TBK & Sons Holdings Limited reported a significant loss for the fiscal year ending June 30, 2024, with a loss for the year of RM 37,906,000 compared to RM 8,525,000 in the previous year. The company’s revenue declined sharply to RM 288,093,000 from RM 367,940,000, reflecting challenges in cost of sales and increases in impairment losses. The total comprehensive income also saw a substantial drop, indicating a tough period for the company and its shareholders.

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