Rectitude Holdings Ltd (RECT) has released an update.
Rectitude Holdings Ltd, a key player in the safety equipment and industrial hardware products market, has reported a revenue increase of 9.86% and a rise in gross profit margin to 35.57% for the fiscal year ending March 31, 2024. The company also noted a net income of US$2.49 million, which signifies a slight decrease from the previous year’s S$3.93 million. Following a successful IPO, Rectitude plans to invest in expanding its operations and product range to meet growing demand in Southeast Asia.
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