PSC Corporation (DM0) H2 2024 earnings summary

Executive summary

• FY24 net attributable profit rose 4.4% YoY to S$22.8M on 1.4% higher revenue of S$488.6M, with stronger Consumer Business sales partly offset by lower China Packaging sales.

• FY24 results included maiden revenue from newly acquired 51%-owned Kim Guan Guan Coffee Trading and Kim Guan Guan Coffee Roaster.

Financial highlights

• Revenue was S$488.6M vs S$482.1M in FY23; gross profit increased to S$117.1M from S$113.8M.

• Other income rose to S$6.1M from S$2.1M; net attributable profit was S$22.8M vs S$21.8M.

Outlook and guidance

• Priorities include strengthening brands, pursuing joint promotions and controlling costs amid rising costs and global uncertainties.

• Packaging plans to invest in a high-tech corrugating line to improve product quality and energy efficiency.

• Focus remains on leveraging consumer brand assets for sustained growth and exploring long-term opportunities.