Published:
TSIT Wing International’s profit grows 21% in FY2024
The company’s proposed final dividend stood at $0.0216.
TSIT Wing International’s profit grew by 21.4% year-on-year to $59.1m in the financial year 2024 due to a decrease in the cost of sales.
The group’s cost of sales declined by 2.7% YoY to $475.2m, attributable to a decrease in overall procurement costs of various raw materials during the year.
However, revenue for the year amounted to $721.1m, representing a YoY decrease of 1.1%, linked largely to the decrease in revenue from the group’s tea and instant products in Mainland China.
The company’s proposed final dividend stood at $0.0216.
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