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AEM reports record revenue and profit for FY20; proposes final dividend of 4 cents per share

Felicia Tan
Felicia Tan • 3 min read
AEM reports record revenue and profit for FY20; proposes final dividend of 4 cents per share
The group says it will not be issuing any financial guidance for FY2021 under the close of the offer for CEI.
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AEM Holdings has reported earnings of $42.3 million for the 2HFY2020 ended December, up 38.9% from earnings of $30.5 million.

FY2020 earnings surged 85% y-o-y to $97.6 million from the $52.8 million in earnings for the FY2019.

The group reported record revenue of $519.0 million for the FY2020, up 60.6% y-o-y, which stands at the higher end of its revenue guidance of $500 million to $520 million.

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