Inneova Holdings Ltd. announced its financial results for the fiscal year ending December 31, 2024. The company reported a significant variation in its revenues, showcasing an increase in sales within its On-Highway and Off-Highway Business segments. The actual results indicated a rise in revenue, reflecting the company's expanded reach in supplying products to both the automotive and industrial sectors. Net income also saw a notable increase compared to the previous fiscal year, highlighting improved profitability. This growth was attributed to the company's ongoing efforts in enhancing efficiency across its operating subsidiaries in Singapore and Malaysia. Earnings per share $(EPS)$ showed a positive trend, reinforcing the company's financial health and its ability to generate shareholder value. Inneova Holdings Ltd. continues to leverage its extensive experience in the automotive sector, while also capitalizing on opportunities in industries such as marine, energy, mining, construction, agriculture, and oil and gas through its Off-Highway Business. The company remains focused on its strategic objectives and anticipates further growth by continuing to serve its global clientele with genuine and aftermarket parts.
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