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IPS Securex reports earnings of $183,165 for 1HFY2024, turning around from $1.2 mil loss the year before

Felicia Tan
Felicia Tan • 2 min read
IPS Securex reports earnings of $183,165 for 1HFY2024, turning around from $1.2 mil loss the year before
Gross profit spiked by 74.0% y-o-y to $2.8 million due to higher revenue and higher gross profit margin. Photo: IPS Securex
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IPS Securex has reported earnings of $183,165 for the 1HFY2024 ended Dec 31, 2023, reversing from the loss of $1.2 million in the 1HFY2023.

Earnings per share (EPS) stood at 0.04 cents on a basic and diluted basis for the period.

Revenue surged by 52.3% y-o-y to $5.9 million as revenues from both its security solutions and maintenance and leasing businesses rose.

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