March 3, 2025 - 04:23
Ocean Vantage Holdings Berhad has released its financial results for the full year 2024, showcasing a notable performance despite challenges. The company reported earnings per share (EPS) of RM0.015, a significant increase from RM0.008 in the previous fiscal year. This growth in EPS reflects the company's strategic initiatives and operational efficiencies aimed at enhancing profitability.
However, the revenue for the year was RM123.6 million, marking a decline of 27% compared to the previous year. This decrease can be attributed to various factors, including market conditions and competitive pressures that have affected overall sales volumes. The management remains optimistic about future prospects, emphasizing ongoing efforts to innovate and adapt to changing market dynamics.
In light of these results, the company plans to focus on cost management and exploring new market opportunities to drive growth. Stakeholders are encouraged to monitor the company's strategic developments as it navigates the evolving landscape in its industry.
