ASL Marine net profit up 5% to $3.8m in FY2024

Earnings per share is 0.58 cents in FY2024.

ASL Marine Holdings net profit increased by 5% YoY to $3.8m in FY2024.

Earnings per share increased by 0.02 cents to 0.58 cents, from 0.56 cents in FY 2023.

The group’s gross profit climbed by 55.1% to $45.7m in FY 2024 from $29m in FY 2023.

Revenue rose by 4% to $349.3m during the year from $335.8m in FY2023, on the back of higher revenue from ship chartering and ship repair, conversion and engineering services.

EBITDA climbed by 34.2% YoY to $85.7m.

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