Hong Leong Asia's (SGX:H22) attributable profit to owners of the company increased 11% during the second half of 2024 to SG$38.0 million from SG$34.1 million a year earlier, according to a Wednesday filing with the Singapore Exchange.
Earnings per share rose to SG$0.0511 compared with SG$0.0456 in the comparable period.
Revenue declined marginally by 0.4% year over year to SG$2.0 billion from SG$2.01 billion, with the company reporting strong performance in the marine and power generation business.
The board proposed a final dividend of SG$0.03 per share, taking the total dividend to SG$0.04 per share for the year ended Dec. 31, 2024.
Shares of the company were down over 8% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.