Union Gas net income up 2.2% in FY 2024
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Union Gas Holdings Limited reported a net profit of $12.5 million for FY 2024, a 2.2% increase from the previous year, despite a 2.6% revenue decline to $125.5 million. The company attributed the profit rise to effective cost control measures. The board proposed a final dividend of $0.01 per share, totaling 1.60 Singapore cents for FY 2024, up from 1.48 cents in FY 2023. Looking ahead, Union Gas plans to explore partnerships and monitor geopolitical impacts while focusing on productivity and cost control.
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