OPTIMA AUTO announced its 2024 performance, with a loss attributable to owners of SGD 1.515 million for the year, an increase of 20.24% year-on-year
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OPTIMA AUTO announced its 2024 performance, with revenue from continuing operations at SGD 87.839 million, a year-on-year decrease of 16.4%. The loss attributable to the company's owners for the year was SGD 1.515 million, a year-on-year increase of 20.24%. The loss per share was 0.18 Singapore cents. The decrease in revenue was mainly due to a decline in sales of passenger car parts and vehicles, affected by the downturn in the Chinese economy. The increase in annual losses was mainly due to a reduction in depreciation of right-of-use assets and losses from the sale of joint ventures being offset
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