Global Investments Limited net profits surge 197% in 2024

The group also reported an income of $29.7m for the year.

Global Investments Limited reported a net profit after tax of $25.5m in 2024, nearly triple its net profit after tax of $8.6m the year before.

The group reported an income of $29.7m for the year ended 31 December 2024 compared to an income of $12.8m recorded last year.

The higher income was largely attributable to the fair value gain on financial assets at fair value through profit or loss (FVTPL) of $15.9mn compared to a fair value gain of $1.1m last year. The company also reported a slightly higher dividend income of $2.9m as compared to $2.4m last year.

Meanwhile, interest income remains at $10.8m for the year ended 31 December 2024. Net foreign exchange gain was at $200k in 2024 as compared to a net foreign exchange loss of $1.5m last year.

For the financial year ended 31 December 2024, the directors have recommended a final dividend of 0.40 cents per share.

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