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17 Mar 2025
Pacific Radiance's FY2024 Net Profit Surges to US$24.2 Million
Summary:
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Revenue: Increased by 40% to US$43.8 million in FY2024, up from US$31.4 million in FY2023
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Gross Profit: Improved by 14% to US$14.3 million, compared to US$12.5 million previously
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Net Profit: Achieved a net profit of US$24.2 million, a significant turnaround from US$15.5 million in the prior year
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Earnings Per Share (EPS): Increased to 1.67 US cents, up from 1.10 US cents in FY2023
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Total Assets: Stood at US$294.5 million as of 31 December 2024, slightly down from US$298.0 million at the end of 2023
Note: All data is sourced from Pacific Radiance Ltd.'s FY2024 Financial Results Announcement.