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31 Mar 2025
SHS Holdings Ltd. Reports 28.3% Increase in Net Profit for FY2024
Summary:
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Revenue: Increased marginally by 0.9% to S$83.0 million in FY2024, up from S$82.2 million in FY2023.
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Net Profit: Rose by 28.3% to S$3.2 million, compared to S$2.5 million in the previous year.
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Earnings Per Share (EPS): Improved to 0.50 Singapore cents, up from 0.40 cents in FY2023.
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Total Assets: Slightly decreased to S$177.4 million as of 31 December 2024, from S$184.8 million a year earlier.
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Total Liabilities: Reduced to S$35.3 million, compared to S$45.5 million at the end of FY2023.
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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.