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Kintyre Holdings sees major turnaround in financial performance

Kintyre Holdings has recorded a major turnaround in its financial performance, posting a profit of $71.9 million for the year ended December 31, 2024, compared to a net loss of $153.9 million in 2023.
 
The group saw a 35 per cent jump in revenue, earning $216.8 million, up from $160.3 million the previous year. 
 
Gross profit more than doubled to $193.6 million dollars, driven by significantly lower direct costs.
 
Administrative and general expenses also fell sharply—from $220.6 million to $83.7 million, suggesting aggressive cost-cutting and restructuring.
 
Earnings per share improved to seven cents, up from a loss of 16 cents per share last year. 
 
The company's return to profitability signals growing operational efficiency and financial discipline heading into its 2025 fiscal year.
 


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