Revenue for FY2024 was down 17% y-o-y to $95.7 million. This was mainly attributable to the uncertain global economic environment brought about by escalating geopolitical tensions, as well as the wars and conflicts in the Middle-East that impacted investment sentiments and factory expansion plans in the company’s region of operations.
Chasen Holdings has reported a net loss of $6.57 million in FY2024 ended March, down from a profit of $2.05 million in the preceding financial year due to a one-off non recurring charge.
The charge arises from the demolition of 18 Jalan Besut property to make way for the development of Chasen’s new Integrated Logistics Hub.
