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Stock impact report

Precision Cleaning Specialist JE Cleantech Delivers Healthy Performance In 2023 [Yahoo! Finance]

JE Cleantech Holdings Limited - Ordinary Shares (JCSE) 
Company Research Source: Yahoo! Finance
Invested in carbon footprint reduction with electrification of vehicle fleet and installation of solar panels SINGAPORE, May 01, 2024 (GLOBE NEWSWIRE) -- Singapore-headquartered, NASDAQ-listed precision cleaning and cleantech equipment manufacturer JE Cleantech Holdings Ltd (NASDAQ: JCSE) (“JE Cleantech” or, together with its subsidiaries, the “Group”) has delivered a profitable performance in its annual report for the financial year ended December 31, 2023 (“2023 financial year”), with revenue of S$18.0 million and net income of S$0.5 million. The performance was recorded amid higher margin in its centralized dishware washing business segment, alongside softer demand for its cleaning equipment and higher operating costs, compared to the preceding financial year ended December 31, 2022 (“2022 financial year”) when the Group booked revenue of S$18.6 million and net income of S$1.2 million. Commenting on JE Cleantech's performance, Founder and CEO Ms. Hong Bee Yin said, “We are p Show less Read more
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