
Classified Group narrows loss in FY 2024
It is mainly due to no write-down of the inventories to net realisable values.
Classified Group narrowed down its loss attributable to the owners of the company to $8.3m for the financial year 2024, against a $15.3m loss in FY 2023.
The company said it is mainly due to no write-down of the inventories to net realisable values, albeit a significant reduction in management fee income from the related company was present.
The group’s revenue for the period also decreased by 1.7% year-on-year to $35.7m.