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Union Gas reports earnings of $12.5 mil for FY2024, up 2.3% y-o-y

Nicole Lim
Nicole Lim • 2 min read
Union Gas reports earnings of $12.5 mil for FY2024, up 2.3% y-o-y
Revenue for the year decreased 2.6% y-o-y, but group attributes its bottomline improvement to effective cost control measures that resulted in higher earnings.
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Union Gas has reported earnings of $12.5 million for FY2024 ended Dec 31, 2024, up 2.3% y-o-y. The group reported earnings of $7.3 million, up 13.6% y-o-y for 2HFY2024.

Earnings per share for FY2024 came in at 3.93 cents per share. 

For FY2024, revenue for the period decreased 2.6% y-o-y to $125.5 million. Gross profit for the full year came in 2.9% y-o-y lower at $47.4 million, and gross profit margin decreased by 0.1 percentage points (ppts) to 37.8. 

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