IPS Securex Swings to Loss in July-December 2024

MT Newswires

2025/02/13

IPS Securex (SGX:42N) booked a loss of SG$833,201 for the six months ended Dec. 31, 2024, against a profit of SG$183,165 a year earlier, according to a filing with the Singapore Exchange on Wednesday.

Loss per share came in at SG$0.0017 compared with earnings per share of SG$0.0004 in the comparable period.

Revenue was down 14% year over year to SG$5.1 million from SG$5.9 million, mainly due to a decrease in revenue from the security solutions business.

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