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MTQ posts higher FY2024 earnings with lift from property sale

The Edge Singapore
The Edge Singapore  • 1 min read
MTQ posts higher FY2024 earnings with lift from property sale
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MTQ Corporation has reported earnings of $9.4 million, up 148% y-o-y for FY2024 ended March.

The bottom line was lifted by a one-off gain of $5.4 million from the sale of a property.

Revenue in the same period was down 9% y-o-y to $73.7 million. MTQ, which provides marine-related engineering services, explains that it saw a "normalised" in the demand for its services in the second half of the FY following an "exception" first half.

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