Click here to support us!
Back 31 Mar 2025

SHS Holdings Ltd. Reports 28.3% Increase in Net Profit for FY2024

Link: https://links.sgx.com/1.0.0/corporate-announcements/9PBVVMLPOXTTEWR3/d904d8b29e37740a85199006cfbaae07ceaba3fc086a9396bea7637602b5bee5

Summary:

  • Revenue: Increased marginally by 0.9% to S$83.0 million in FY2024, up from S$82.2 million in FY2023.

  • Net Profit: Rose by 28.3% to S$3.2 million, compared to S$2.5 million in the previous year.

  • Earnings Per Share (EPS): Improved to 0.50 Singapore cents, up from 0.40 cents in FY2023.

  • Total Assets: Slightly decreased to S$177.4 million as of 31 December 2024, from S$184.8 million a year earlier.

  • Total Liabilities: Reduced to S$35.3 million, compared to S$45.5 million at the end of FY2023.

  • Cash and Bank Balances: Decreased to S$38.3 million, down from S$48.0 million in the prior year.

Note: All data is sourced from SHS Holdings Ltd.'s unaudited condensed interim financial statements for the full year ended 31 December 2024.