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Fu Yu narrows loss to $1.2m in FY2024
Revenue from continuing operations increased 10.5% year-on-year.
Fu Yu narrowed its net loss to $1.2m during the financial year 2024, improving from the $7.6m loss seen in the previous year.
The company linked this to the increased revenue and operating profits.
Revenue from continuing operations during the period increased 10.5% year-on-year to $114.9m, driven by higher sales in the medical and consumer segments.
Meanwhile, gross profit rose 27.5% to $15.5m with an improved profit margin of 13.5%.
The company’s earnings before interests, taxes, depreciation and amortisation also rose to $8.5m from $600,000 in FY 2023.
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