Chairman Statement

Chairman Statement

Extracted from Annual Report 2022

Dear Shareholders,

On behalf of the Board of Directors (the "Board") of TEHO International Inc Ltd. (the "Company" and together with its subsidiaries, the "Group"), it is my pleasure to present to you the annual report for the financial year ended 30 June 2022 ("FY2022").

Overview

The Group's business environment remained challenging in FY2022. While COVID-19 pandemic restrictions started to ease globally, the Russia-Ukraine war and persistent inflation resulted in sharp increases in energy prices and interest rates. In spite of these headwinds the Group remained profitable, posting a $2.8 million profit after tax in FY2022. In addition, although the Group reported a decrease in overall revenue, our core business in the Marine & Offshore industry registered a 2.9% increase in revenue in FY2022 as compared to the financial year ended 30 June 2021 ("FY2021").

Lim See Hoe
Executive Chairman and Chief Executive Officer

  • Financial review
  • Thriving during challenging times
  • Reaping the rewards
  • Appreciation