Fu Yu Flags Net Loss for 2024

MT Newswires

02/17

Fu Yu (SGX:F13) is expecting to book a net loss for the year ended Dec. 31, 2024, a filing with the Singapore Exchange said on Friday.

The company has attributed this to a one-off non-cash impairment of the remaining goodwill of SG$3.3 million in connection with its investment in Fu Yu Supply Chain Solutions and impairment of around SG$0.5 million on property, plant and equipment of a subsidiary in China.

The group will release its financial statements on or before Feb. 28.

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