Chairman Statement

Chairman Statement

Extracted from Annual Report 2021

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 2021 ("FY2021").

Overview

Despite the headwinds caused by the continuation of COVID-19 in FY2021, the Group navigated the challenging circumstances very well. Our resilience propelled the Group to a $3.2 million profit after tax in FY2021 against a $1.2 million profit in the financial year ended 30 June 2020 ("FY2020"). This is attributable to the success of the 3-pronged strategy of cost management, liquidity improvement and strengthening of global capability that the Group adopted to mitigate the crisis at the beginning of FY2021. The Group recorded a growth in revenue by $2.5 million or 4.3% to $61.8 million in FY2021 and net profit increased as a result of cost-saving measures to reduce operating expenses. In addition, the sale of our property at Farleigh Avenue further strengthened the Group’s liquidity. We are also pleased to announce that our residential property at Lorong Salleh is completed and being marketed for sale as at the date of this report. Our subsidiary in Korea that was incorporated in September 2019 has begun to contribute to the Group’s revenue in FY2021.

Lim See Hoe
Executive Chairman and Chief Executive Officer

  • Sailing in the new normal
  • Appreciation