Back 15 Apr 2025

Hor Kew Corporation Reports Strong Profit Growth in FY2024 Despite Revenue Dip

Link: https://links.sgx.com/1.0.0/corporate-announcements/KSQCV5CYK8IK4YZR/fccedd280a2a01fa8ecf91c20c6c8b8bc3661062adb0d28fe638518730688e5e

Summary: Hor Kew Corporation Limited's 2024 annual report reveals a significant increase in profit before tax, more than doubling from the previous year, despite a slight decrease in revenue. This improvement is attributed to the company's strategic focus on higher-margin projects and enhanced operational efficiency within the building construction sector. The report also highlights the company's successful completion of several public housing projects and expresses optimism for future growth, particularly in prefabricated building components.