S&T Holdings (03928) announced annual financial results with a net loss of approximately 784,200 new yuan, a year-on-year decrease of 24.39%.

S&T Holdings (03928) announced its full-year performance for the fiscal year ending September 30, 2024, with total revenue of approximately 55.9736 million Singapore dollars, a decrease of 0.15% year-on-year; a net loss of about 0.7842 million Singapore dollars, a decrease of 24.39% year-on-year; and a basic and diluted loss per share of 0.16 Singapore cents. The announcement stated that the decrease in net loss was mainly attributable to an increase in gross profit and gross profit margin, mainly due to improvements in cost control for ongoing projects; and higher profit margins from other ancillary services during the period.