Back 15 Apr 2025

Singapore Kitchen Equipment Achieves Net Profit Amidst Economic Headwinds in FY2024

Link: https://links.sgx.com/1.0.0/corporate-announcements/UKKDP9AAS73X7NR6/fb7b01ded5762e63059b2e90698a869a0d351fd440b2ab76a4631f1a02b89d91

Summary: Singapore Kitchen Equipment Limited (SKE) reported a net profit of S$0.9 million on a revenue of S$32.6 million in FY2024. Despite facing a volatile economic environment that impacted sales in its fabrication and distribution segments, SKE expanded its business to include a Food Court operation. The company remains focused on innovation, including the use of generative AI, and maintains a strong financial position while serving a diverse clientele.