LHN Limited’s FY2024 earnings soar 23.8% YoY to $47.3m

The growth was mainly due to revenue increase in its co-living segment.

LHN Limited (LHN) reported a 23.8% year-on-year (YoY) surge in earnings for FY2024 to $47.3m from $38.2m in FY2023. Distribution per unit (DPU) for the period stood at $0.030.

Revenue soared 29.2% YoY to $121.0m, with significant contributions from the Space Optimisation Business which grew by 37.7% YoY.

The increase was primarily driven by revenue growth in LHN’s co-living segment, along with the $14.7m gain from its investment properties and joint ventures during the financial year.

The Residential Properties (Co-living) segment saw significant growth with revenue from Singapore projects increasing by 85.5% YoY.

Meanwhile, revenue from its Facilities Management Business increased by 13.4% YoY and its Energy Business recorded a significant 190.1% YoY revenue growth.

The company declared a final dividend and a special dividend of $0.010 each.

Follow the link for more news on

Financial Statements

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia