PEC Limited’s net profit soars to $15.996m in FY2024

Higher revenue and gross profit drove the increase.

PEC Limited's net profit attributable to shareholders more than doubled to $15.996m in FY2024.

Net profit grew in tandem with revenue, which increased by 14% to $491.0m, and gross profit, which rose by 33% to $114.994m.

The company attributed its improved revenue to increased project and maintenance work from overseas. Meanwhile, the company cited contributions from project works.

With higher net profit, the company's basic earnings per share rose to $0.063 from $0.027.-

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