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15 Apr 2025
Singapore Kitchen Equipment Achieves Net Profit Amidst Economic Headwinds in FY2024
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.