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LHN reports higher FY2024 earnings on fair value gains and better operations (update)

The Edge Singapore
The Edge Singapore  • 2 min read
LHN reports higher FY2024 earnings on fair value gains and better operations (update)
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LHN has reported higher earnings of $47.3 million for its FY2024, up 23.8% from the year-earlier ended Sept 30 2023.

The company attributes the better showing to both stronger operating numbers from its facilities management activities and so-called "space optimisation" business. Fair value gains of some $14.7 million booked for its investment properties helped lift the bottom line as well.

Revenue for the full year was up 29.2% y-o-y to $121 million.

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