Atlantic Navigation Holdings (Singapore) Ltd. (SG:5UL) has released an update.
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Atlantic Navigation Holdings reported a strong financial performance for the third quarter of 2024, with a notable increase in revenue and net profit. The company’s revenue grew by 23.4% to $28.4 million, while net profit after tax surged by 84.8% to $8.9 million, reflecting their effective asset-light strategy. The gross profit margin also saw a significant rise, indicating improved operational efficiency.
For further insights into SG:5UL stock, check out TipRanks’ Stock Analysis page.
