Heatec Jietong Returns to Profit in Q4 2024

MT Newswires

03-03

Heatec Jietong (SGX:5OR) booked an attributable profit of SG$594,000 in the fourth quarter of 2024 against an attributable loss of SG$903,000 a year earlier, according to a filing with the Singapore Exchange on Saturday.

Earnings per share came in at SG$0.0026 compared with a loss per share of SG$0.0044 in the comparable period.

Revenue declined 15% year over year to SG$5.5 million from SG$6.5 million, due to a decrease in the number of projects in the heat exchanger segment.

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