Back 15 Apr 2025

AnAn International Focuses on Strategic Expansion and Renewable Energy Despite Net Loss in FY2024

Link: https://links.sgx.com/1.0.0/corporate-announcements/FJK8IXHDZD616KLC/48ada296e3f43001d218e2957172b965ddfce0423865a094cf15959e1710f249

Summary: AnAn International Limited's 2024 annual report indicates a slight decline in revenue due to reduced customer demand in its core oil distribution business in France and Spain, and oil storage and transportation in China. Despite this, the company strategically expanded through acquisitions and ventured into new growth areas within renewable energy and energy transition solutions. While the company recorded a net loss for the fiscal year, it remains committed to strengthening its earnings, optimizing operations, and providing long-term value to its stakeholders.