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Avi-Tech announces FY2023 earnings at $3.3 mil, declares interim dividend of 1.0 cents

Bryan Wu
Bryan Wu • 2 min read
Avi-Tech announces FY2023 earnings at $3.3 mil, declares interim dividend of 1.0 cents
Avi-Tech's executive chairman and CEO Lim Eng Hong. Photo: Albert Chua/The Edge Singapore
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Avi-Tech Holdings (SGX:1R6) has reported earnings of $3.3 million for its FY2023 ended June 30, a 3.8% y-o-y improvement compared to its earnings of $3.1 million in FY2022.

Earnings per share (EPS) came to 1.9 cents in FY2023, an improvement over the 1.84 cents posted for the previous financial year.

Revenue for its full-year period was up 13.1% to $34.9 million despite “challenging operating conditions”, which saw the company’s cost of sales increase 16.6% to $26.9 million for FY2023.

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