Luminor Financial Holdings Limited (SG:5UA) has released an update.
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Luminor Financial Holdings Limited reported a significant revenue increase of 41.3% in FY2023 and net profits after tax of RM0.635 million. In a strategic move, the company’s Malaysian financial solutions business turned profitable, and they successfully launched a Redeemable Preference Shares Programme. Additionally, they have streamlined assets by completing property projects and selling their last land bank in China, with plans for further sales aimed at liquidity.
For further insights into SG:5UA stock, check out TipRanks’ Stock Analysis page.
