JEP Holdings’ net profit soars by 87% YoY in FY2024

Growth was due to a $1m foreign exchange gain and improved performance of its aerospace business.

JEP Holdings Limited’s net attributable profit surged 86.6% year-on-year to $3.1m in FY2024.

Profit before tax for the year increased by 72.8% to $3.6m.

The group’s bottom line is attributed to a $1m foreign exchange gain and the improved performance of its aerospace business.

Group revenue decreased by 2.1% to $56.9m, attributed to weaker performance from its Equipment Manufacturing, Trading, and Others segments, which were impacted by the slowdown of the semiconductor market during the year.

Earnings per share were at $0.00757.

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