JEP Holdings Ltd's FY2024 Net Profit Surges 86.7% to S$3.1 Million
Summary:
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Revenue: Decreased slightly by 2.1% to S$56.9 million in FY2024, down from S$58.1 million in FY2023.
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Net Profit: Increased significantly by 86.7% to S$3.1 million, compared to S$1.7 million in the previous year.
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Earnings Per Share (EPS): Rose to 0.76 cents from 0.41 cents.
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Net Asset Value (NAV) Per Share: Increased to 19.4 cents as of December 31, 2024, up from 18.5 cents the previous year.
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Cash and Cash Equivalents: Decreased to S$12.6 million from S$19.2 million, primarily due to full repayment of bank loans for the Seletar Aerospace Park and Loyang Building.
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Dividend: No dividend was declared or recommended for FY2024; funds will be retained for working capital.
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Segment Performance:
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Precision Machining: Revenue grew to S$34.2 million from S$29.1 million.
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Trading and Others: Revenue declined to S$8.0 million from S$9.2 million.
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Equipment Manufacturing: Revenue decreased to S$14.7 million from S$19.9 million.
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Note: All data is sourced from JEP Holdings Ltd's Annual Report for the financial year ended December 31, 2024.