Rectitude Holdings Reported FY24 Revenue Of $30.69M, EPS Of $0.20
Portfolio Pulse from Benzinga Newsdesk
Rectitude Holdings reported FY24 revenue of $30.69M and EPS of $0.20. The increase in revenue was driven by stronger customer demand for safety equipment due to increased construction activity. However, EPS in Singapore Dollars decreased from S$0.31 to S$0.27.
July 29, 2024 | 10:36 am
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Rectitude Holdings reported FY24 revenue of $30.69M, driven by increased demand for safety equipment. EPS was $0.20, but in SGD, it decreased from S$0.31 to S$0.27.
The increase in revenue is a positive indicator of the company's growth, driven by higher demand for safety equipment. However, the decrease in EPS in SGD may raise some concerns among investors. Overall, the revenue growth is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100