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The Hour Glass profit falls 14% to $136.1m in FY2025

It was mainly due to higher operating costs caused by inflation.

The Hour Glass reported a 14% decline in profit after tax for FY2025, falling to $136.1m, despite a 3% increase in revenue to $1.16b.

The profit drop was mainly due to higher operating costs caused by inflation, including increased rents, wages, and a fair value adjustment on investment properties.

Group Managing Director Michael Tay said the company faced tougher competition and rising expenses but managed to grow revenue and stay profitable through strong brand partnerships and digital investments.

The board declared a final dividend of $0.04 per share, adding to the interim dividend of $0.02.

Looking ahead, The Hour Glass expects continued market challenges but aims to maintain profitability in FY2026.

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