share_log

Multi-Chem Net Profit Down 23% YoY to $7.1m in Q3 2024

Singapore Business Review ·  Nov 11 10:53

The company said it is mainly due to the decrease in profit before tax.

Multi-Chem Limited reported a 23% net profit decline to $7.1m during the third quarter of the year (Q3 2024).

The company said it is mainly due to the decrease in profit before tax and the increase in income tax expense.

The increase in income tax expense of $169,000 in Q3 2024 was due to higher taxable profit generated after adding back non-deductible tax expenses.

Multi-chem's revenue also fell 0.2% QoQ during the period to $173.3m.

The group did not declare dividends for the quarter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment