Gross profit was down 16% y-o-y to $21.04 million, mainly due to the decrease in gross profit margin and increase in inventories written off by $376,000 to $405,000 in 3QFY2024.
Cash and cash equivalents decreased by $5.2 million to $67.8 million, mainly due to increase in dividends paid to shareholders.
For growth, Multi-Chem (SGX:AWZ
) will focus on its best-of-breed products and will continue to look out for opportunities for regional expansion to deepen our regional operations.
The company will also promote the M.Tech brand name and intends to work closely with key partners to further promote the products.
See also: Marco Polo Marine's FY2025 earnings up 169.7% y-o-y on one-off gains and higher chartering income
Shares in Multi-Chem closed 1 cent lower or 0.3% down on Nov 8 to $2.75.
