, Singapore
192 views
Logo from AEM

AEM Holdings net profit drops to $2.3M in 1Q24

It fell by 85.0% YoY.
 
AEM Holdings saw its net profit drop by 85.0% YoY to $2.3m in 1Q24.

Revenue and profit before tax likewise fell in 1Q24 by 38.3% YoY to $94.2m and by 85.8% YoY to $2.7m, respectively.

Quarter-on-quarter, the company's revenue remained flat.

A build-up of inventory in the life sciences and industrial sectors adversely impacted AEM's contract manufacturing revenue for the quarter.

Despite recording lower profits, AEM maintained its 1H24 profit guidance  of $170m-$200m.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Top News

STI hits record 5,561.42 ahead of earnings season
Reporting season begins on 23 July with key STI companies.
'Christian Horner: Unfiltered' Comes to Singapore During F1 Week
The former Oracle Red Bull Racing Team Principal headlines a one-night-only live conversation on leadership, team culture and life at the pinnacle of Formula 1