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Lincotrade reports $1.8 mil earnings for 1HFY2024; announces maiden interim dividend of 0.38 cents per share

Bryan Wu
Bryan Wu • 2 min read
Lincotrade reports $1.8 mil earnings for 1HFY2024; announces maiden interim dividend of 0.38 cents per share
The company has adopted a dividend policy to distribute at least 20% of net profit attributable to shareholders. Photo: Lincotrade
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Lincotrade and Associates Holdings (SGX:BFT) has reported earnings of $1.8 million for the 1HFY2024 ended Dec 31, 2023, reversing from its loss of $9.5 million in the corresponding period last year.

Earnings per share stood at 1.04 cents in 1HFY2024, compared to a loss of 5.87 cents per share in 1HFY2023 when the company recorded a one-off non-cash reverse takeover (RTO) expense of around $10.8 million.

For the half-year period, revenue increased 4.6% y-o-y to $42.7 million, with cost of sales also up by 4.5% y-o-y to $38.2 million.

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