Kimly’s net profit drops by 6.8% to $31.7m in FY 2024

It was due to a drop in other operating income.

Kimly has reported a 6.8% decrease in its net profit attributable to owners of the company to $31.7m in the financial year (FY) 2024.

The company linked this to a 56% drop in other operating income to $2.9m and an increase in administrative expenses by $2.3 to $30.3m during the period.

Over the same period, revenue increased by 1.8% to $319.4m mainly due to higher revenue contribution across all Outlet Management, Food Retail, and Outlet Investment Business Division.

The final dividend stood at $0.02, reflecting a 75% payout.

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