Rhone Ma Holdings Bhd has achieved a strong performance in its financial year ended Dec 31, 2024 (FY24), when it recorded a 4% year-on-year (YoY) increase in revenue to RM211.6 million.

The growth was driven by the notable surge of 16% in its Animal Health Products and Equipment segment which achieved RM173.5 million in revenue.

Additionally, the Animal Health Products segment recorded a Profit Before Tax (PBT) of RM22.4 million, representing a substantial 62% increase from RM13.8 million in FY23.

Consistent with the revenue growth, the group's PBT increased to RM19.2 million, reflecting a steady YoY improvement.

For its fourth quarter ended Dec 31, 2024 (4Q24), the group recorded RM51.9 million in revenue, with the Animal Health Products and Equipment contributing RM43.7 million, a 7% increase from (4Q23). PBT for the quarter was RM5.4 million.

In line with its strong performance, the group has declared interim single-tier dividends of 1.5 sen per ordinary share for FY24, totalling RM3.3 million.