CFM Holdings reports earnings of $980,000 for 1HFY2024

Bryan Wu02-01

Earnings were down 90% compared to $9.4 million in 1HFY2023 when CFM disposed of an asset for $8.13 million. CFM Holdings 5EB has reported earnings of $980,000 for the 1HFY2024 ended Dec 31, 2023, ...

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For the six months ended December, other income stood at just $238,000.\nRevenue for the period, however, was up by 3.0% y-o-y to $14.5 million due to an increase orders from new and existing customers in the company’s metal stamping segment.\nGross profit grew by 15.0% y-o-y to $4.4 million mainly due to the higher revenue. Gross profit margin (GPM) also improved by 3.2 percentage points y-o-y to 30.5% in 1HFY2024.\nAs at Dec 31, 2023, cash and cash equivalents stood at $8.6 million.\nShares in CFM closed unchanged at 8.4 cents on Feb 1.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2408694704"}