Renaissance United Limited Reports Decline in FY25 Turnover and Increased Losses
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Renaissance United Limited (SG:I11) reported a 17% decline in FY25 turnover, totaling S$77.5 million, attributed to reduced sales in its subsidiaries, particularly in natural gas and electronics. The company also faced increased losses before income tax of S$12.5 million, up from S$9.9 million the previous year, due to challenges in the China real estate market and slow gas price liberalization. Renaissance United is currently on the SGX-ST watch-list and has a market cap of S$6.18 million.
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