The lower earnings came as a result of a 14.75% y-o-y decrease in 1HFY2024 revenue of $195.7 million. The lower revenue was due to declines across the group’s segments, except for its Testing and Inspection (T&I) segment.
Tai Sin Electric (SGX:500
) has reported earnings of $6.9 million for the 1HFY2024 ended Dec 31, 2023, 42% lower than its earnings of $11.9 million during the same period last year.
Earnings per share for the 1HFY2024 stood at 1.50 cents, down from the previous year’s 2.59 cents on a fully diluted basis.
