Alpina Holdings posts strong net profit rebound in FY2024

Its revenue increased by 37.3% to $88.1m in FY2024.

Alpina Holdings Limited posted a strong turnaround with a net profit attributable to equity holders of the company of $2.4m in FY2024 from its net loss of $200k in FY2023.

The group’s revenue increased by 37.3% to $88.1m in FY2024.

Gross profit margin increased by 4.8 percentage points (pp) to 11.9%.

Corresponding to higher revenue and higher gross profit margins, the group’s gross profits increased to $10.4m.

In FY2024, the group secured a total of 20 new contracts with an aggregate provisional contract sum of approximately $172.7m, with varying expected completion dates between April 2024 and March 2030.