Renaissance United Reports Lower Revenue in Fiscal H1

MT Newswires

01/03

Renaissance United (SGX:I11) reported a nearly 2% decrease in total revenue to SG$35.6 million in the fiscal first half ended Oct. 31, 2024, compared with SG$36.1 million a year earlier, a filing with the Singapore Exchange said on Thursday.

The decrease was attributed to a 12% drop in turnover from ESA Electronics in fiscal H1, which in turn was due to lower demand for burn-in boards by semiconductor manufacturers and lower equipment sales.

Meanwhile, the group reported a nearly 2% increase in its gas distribution business operated by Hubei Zonglianhuan Energy Investment Management in China.

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