Tuas' Revenue Rises to SG$121.4 Million in Fiscal 2024; Attributable Loss Narrows

MT Newswires Live09-24

Tuas (ASX:TUA) reported on Tuesday that its loss for the year ended July 31 was SG$0.0094 per share, compared with a loss of SG$0.0329 per share in the year-ago period.

Attributable loss narrowed to SG$4.4 million from SG$15.3 million a year ago.

Total revenue of reportable segments rose to SG$121.4 million from SG$89.6 million a year ago. The telecommunication company's mobile active services rose to roughly 1.1 million as of July 31 from 819,000 a year ago.

Tuas did not declare any dividends during the period.

For 2025, the company said it will focus on expanding its 5G and fiber broadband services. Fully-year capital expenditure is expected in the range of SG$45 million to SG$55 million.

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