The decrease in net profit was mainly due to recognition of the one-off legal claim of US$1.9 million upon receipt of court judgement by a subsidiary of the group in FY2024.
Chuan Hup Holdings has reported earnings of US$1.97 million ($2.56 million) for the FY2024 ended June 30, down 66.0% compared to its earnings of US$5.79 million in the same period last year.
Earnings per share for the full-year period also shrank to 0.21 US cents from 0.63 US cents in FY2023.
