Hosen Group Ltd. Sees Revenue and Profit Growth in FY2024
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Hosen Group Ltd. reported an 8.1% revenue increase to $72.8 million and a 14.1% rise in gross profit to $17.1 million for FY2024. Net profit surged to $2.28 million from $0.97 million, driven by strong sales in Malaysia. The company is enhancing operational capabilities and market development to tackle supply chain issues and changing consumer preferences, aiming for sustainable growth without specific revenue targets. Hosen Group operates in the food industry, focusing on canned food and chocolate products, with a market cap of S$13.97M and a current technical sentiment signal of Buy.
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