TIH Limited, a private equity fund company listed on the SGX Mainboard, has announced a total comprehensive income of $17.72m for the financial year ending 31 December 2024. This figure represents a significant performance driven by various financial activities and strategic management decisions.
The company’s income was primarily bolstered by a net income tax reversal of $15.43m and a fair value gain on equity investments at fair value through profit or loss (FVTPL) amounting to $11.65m. Additionally, the company reported other operating income of $5.77m. These gains were partially offset by operating expenses of $8.86m and a fair value loss on debt investment at FVTPL of $6.98m.
Executive Director Allen Wang highlighted the company’s strategic focus amidst macroeconomic uncertainties, stating, “Our experienced team has been instrumental in navigating macroeconomic uncertainties, driving the growth of our Fund Management business.” Chairman Kin Chan added that the company is well-positioned to leverage opportunities in Southeast Asia and Greater China, aiming to deliver sustainable value to shareholders.
TIH also reported an increase in its net asset value to $136.50mand proposed a final dividend of 1.0 Singapore cent per share. The company’s recurring fee income from its fund management business rose by 13% to $5.77m, reflecting its robust performance in the sector.
The financial results underscore TIH’s strategic positioning and its ability to adapt to evolving economic landscapes, with a focus on capitalising on investment opportunities in the region.
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