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First Sponsor Group reports 642.8% y-o-y increase in earnings for FY2024 of $93.02 mil

Nicole Lim
Nicole Lim • 2 min read
First Sponsor Group reports 642.8% y-o-y increase in earnings for FY2024 of $93.02 mil
This substantial increase in earnings is due to a maiden profit contribution from Dutch property which is an associated company of the group. Photo: First Sponsor Group
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First Sponsor Group has reported earnings of $93.02 million for the FY2024 ended Dec 31, 2024, up 642.8% y-o-y. 

For the 2HFY2024 earnings came in at $81.1 million. 

The group recorded a revenue growth of 12.2% for FY2024 of $317.56 million, up from the $282.9 million in the same period a year ago. However, 2HFY2024 revenue declined by 1.6% y-o-y to $144.7 million.

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