/Freepik.

XMH Holdings' profit surges by 95% to $12.6m in H1 2024

Its revenue stood at approximately $66.9m, reflecting a 5.8% decline.

XMH Holdings Ltd.’s profit after tax surged by 94.9% in the first half of 2024, rising to $12.6m from $6.4m, its bourse filing showed.

The group’s revenue for the period stood at approximately $66.9m, reflecting a 5.8% decline from the previous year’s $71m. This is due to a drop in the project segment, which recorded $19.3m compared to $24.7m in 2023. 

The group noted that the stage of completion was lower due to the later commencement of production in the first half of 2024 compared to the same period last year. However, this decline was partially offset by increased revenue in the distribution and after-sales segments.

The distribution segment saw a slight 1% increase, adding $400,000 to reach $39.8m. The after-sales segment posted a 12.3% increase, bringing the total to $7.7m thanks to the group's consistent follow-up efforts with customers.

XMH Holdings did not declare or recommend any dividends for the current reporting financial period.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!