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Hong Leong Asia reports higher earnings for FY2024 of $87.8 mil from higher sales and improved market conditions

Nicole Lim
Nicole Lim • 2 min read
Hong Leong Asia reports higher earnings for FY2024 of $87.8 mil from higher sales and improved market conditions
Profitability was lifted by higher sales volume from Yuchai’s marine and power generation businesses, resulting in higher sales volume for ready-mixed concrete. Photo: China Yuchai
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Hong Leong Asia has reported earnings for the FY2024 ended Dec 31, 2024 of $87.8 million, up 35.3% y-o-y. Its earnings for the 2HFY2024 came in 12.2% higher y-o-y at $38.2 million.

Earnings per share for FY2024 stood at 11.74 cents per share, up from the 8.67 cents per share reported in the same period a year ago. 

Hong Leong Asia’s revenue for the full year came in 4.1% higher y-o-y at $4.25 million, up from the $4.1 million reported in the same period a year ago. 

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