Hong Fok's Attributable Profit Declines in H2 2024; Shares Down 4%
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Hong Fok's attributable profit fell to SG$20.1 million in H2 2024 from SG$81.2 million the previous year, with earnings per share dropping to SG$0.0313. Revenue slightly decreased to SG$59.7 million, attributed to lower sales from Concourse Skyline. The company proposed a final dividend of SG$0.01 per share. Following the announcement, shares declined by over 4%.
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