Tuas Limited (ASX:TUA) recently held its Annual General Meeting on December 6, 2024. Key insights were shared about the company's financial performance and future plans. The AGM highlighted growth in Tuas' Simba mobile telecommunications business in Singapore.
Tuas Limited's AGM revealed substantial financial growth and strategic advancements. The company reported a significant increase in revenue and EBITDA for Q1 FY25. Cash flow remains robust, with net cash from operations at S$18.3 million. Tuas has seen growth in its mobile services and completed a fibre broadband rollout, acquiring over 10,000 subscribers. Looking ahead, Tuas aims to enhance mobile products and expand its broadband services, with capital expenditure projected between S$45 million and S$55 million for FY25. The company remains committed to strong corporate governance and shareholder engagement, with directors re-elected with substantial support. Chairman David Teoh acknowledged the contributions of the leadership team and staff.
Chairman David Teoh expressed gratitude to the staff for their achievements and dedication.