For the years ending 2024 and 2023, HTL incurred operating losses. Income during these periods primarily consisted of "other income," which was substantially comprised of dividend income from its 100% owned subsidiary, Hi-Tech Blending.
Furthermore, in both 2024 and 2023, HTL benefited from a tax write-back. This write-back boosted profit after tax (PAT) in 2024 and reduced the net loss in 2023. The tax write-back resulted from the company and its subsidiary, Hi-Tech Blending (Private) Limited, being taxed as a group.
Lat cash dividend was paid in Year 2022.
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