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UOB initiates Fu Yu Corp at 'buy' on high and sustainable dividend yield

Samantha Chiew
Samantha Chiew • 3 min read
UOB initiates Fu Yu Corp at 'buy' on high and sustainable dividend yield
SINGAPORE (Nov 27): Fu Yu Corp recorded 3Q18 earnings of $4.40 million, almost quadruple that of $1.15 million in 3Q17.
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SINGAPORE (Nov 27): Fu Yu Corp recorded 3Q18 earnings of $4.40 million, almost quadruple that of $1.15 million in 3Q17.

This came on the back of a 4.4% y-o-y increase in revenue to $52.4 million, which brought gross profit for the quarter to $10.6 million.

Other income saw a 31.1% y-o-y increase to $2.27 million, while other operating income was $0.45 million, compared to other operating expenses of $0.85 million last year.

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