Global Investments Limited net profits surge 197% in 2024
Global Investments Limited reported a net profit after tax of $25.5 million for 2024, a 197% increase from $8.6 million in 2023. The group's income rose to $29.7 million, up from $12.8 million the previous year, driven by a fair value gain on financial assets of $15.9 million. The company also saw a slight increase in dividend income to $2.9 million and maintained interest income at $10.8 million. A final dividend of 0.40 cents per share has been recommended by the directors.
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.
