has announced it has achieved a best-ever EBITDA of S$43 million for FY2024, which represents a 11x growth over FY2023. This also marks the fourth year that Carro has posted positive EBITDA.
In addition, Carro also saw two new markets added in 2024 – Hong Kong and Japan. In addition to the existing Southeast Asian markets and Taiwan, this makes a total of 7 countries that Carro is present in. Ernest Chew, Chief Financial Officer of Carro says “We are heartened and proud to have over-delivered on our initial target of a 10x EBITDA growth. Despite a challenging macro-environment, we achieved significantly improved margins across most profitability metrics last year. Our focus on quality of revenues and recurring earnings have resulted in a 92% reduction in reported operating loss and within a striking distance of positive operating profits.
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Disappointing earnings drag TNB shares down 4pc in early tradeKUALA LUMPUR, Nov 29 — Tenaga Nasional Bhd’s (TNB) shares fell 4 per cent in early trade after the release of its third-quarter financial year 2024 (3Q FY2024) earnings, which...
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