Asia Enterprises Holding Limited 200501021H
3 Pioneer Sector Walk, Singapore, 627897
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Asia Enterprises Holding Limited
Administrator
Feb 16 2025 8.50PM
PODCAST: Navigating Steel Industry Challenges: Asia Enterprises 2024 Financial Overview
Shareholders
Overview of Asia Enterprises Holding Limited's Financial Performance
* A discussion of the challenges faced by the steel sector in 2024 due to global economic headwinds, declining purchasing power, and geopolitical tensions.
* Analysis of Asia Enterprises' FY2024 revenue decline.
* Segment performance
* Geographical market breakdown
* Review of the Group’s gross profit decline and the reduction in gross profit margin.
* Examination of profit before tax (PBT), and the recommendation of a first and final dividend payment.
* Analysis of the Group's financial position.
Analysis of Assets and Liabilities
* Examination of the decrease in property, plant, and equipment to $10.3 million.
* Discussion of right-of-use assets and lease liabilities standing at $7.4 million and $8.1 million, respectively.
* Insight into the increase in other financial assets to $10.4 million.
* Review of the decrease in trade and other receivables to $10.8 million.
* Assessment of inventories decreasing to $19.4 million with an inventory turnover of 203 days.
* Explanation of the decrease in trade and other payables to $1.4 million.
Cash Flow and Future Outlook
* Overview of net cash from operating activities.
* Explanation of net cash used in investing activities.
* Closing remarks on the trends, competitive conditions, and the Group’s position for future opportunities.
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