The revenue growth came about despite average selling prices generally easing in FY2023 in tandem with a decline in international steel prices.
Asia Enterprises Holding (SGX:A55
) has reported earnings of $6.1 million for the FY2023 ended Dec 31, 2023, a 62% increase over its earnings of $3.7 million in the previous financial year.
The company recorded profit before tax of $7.8 million in FY2023, 42% higher y-o-y, on the back of a 30% y-o-y increase in revenue to $95.4 million, driven by higher sales volumes.
