Rectitude Holdings Ltd Announces Fiscal Year ended March 31, 2024 Full Year Financial Results
Rectitude Holdings Ltd - Ordinary Shares (RECT)
Company Research
Source: GlobeNewswire
SINGAPORE, July 29, 2024 (GLOBE NEWSWIRE) -- Rectitude Holdings Ltd (the “Company” or “Rectitude”), a Singapore-based provider of safety equipment and related industrial-grade hardware products, today announced its financial results for the full year ended March 31, 2024. Fiscal Year ended March 31, 2024 Full Year Highlights (amounts in US$ unless otherwise noted): Revenues for the fiscal year ended March 31, 2024, in Singapore Dollars, increased 9.86%.Gross profit margin improved to 35.57% of revenues, up 332 basis points.Selling and marketing expenses in Singapore Dollars, increased S$1.32 million.Research and development expenses in Singapore Dollars decreased S$0.01 million.General and administrative expenses in Singapore Dollars, increased S$1.88 million.Net income was $2.49 million, or $0.20 per diluted share, for the fiscal ended March 31, 2024. In Singapore Dollars, net income was S$3.36 million, or S$0.27 per diluted share, for the fiscal ended March 31, 2024, compare
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