Spindex Industries Profit in Fiscal H1 Rises 7%; Shares Down 7%

MT Newswires

02-12

Spindex Industries' (SGX:564) profit for the fiscal half ended Dec 31, 2024, rose 6.5% to SG$6.8 million from SG$6.3 million a year earlier, a filing with the Singapore Exchange said on Tuesday.

Earnings per share rose to SG$0.0586 compared with SG$0.0550 in the comparable period.

Revenue was up 4.7% year over year to SG$92.3 million from SG$88.2 million, with demand increasing in anticipation of higher tariffs.

Shares of the precision engineering company were down nearly 7% in recent trading.

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