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AEM reports $20.9 million in losses for 2HFY2023; CFO resigns, no bonus for management

The Edge Singapore
The Edge Singapore • 3 min read
AEM reports $20.9 million in losses for 2HFY2023; CFO resigns, no bonus for management
Photo: AEM Holdings
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AEM Holdings has reported a loss of $20.9 million for 2HFY2023, as it books a US$20 million arbitration settlement on top of a weaker industry down cycle.

Profit before tax excluding exceptional items of $38.3 million was over the same period.

In the year-earlier 2HFY202, it reported earnings of $44.2 million. 

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