Sapphire expects lower net profit for FY 2024

Its subsidiary Ranken Railway procured and completed fewer projects.

Sapphire Corporation Limited is projecting significantly lower net profit after tax for the financial year 2024 (FY 2024) compared to the previous year.

The company said it is due to its subsidiary Ranken Railway procuring and completing fewer projects and cost overruns.

The group is preparing and finalising its unaudited financial results for FY 2024 and will provide further details.

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