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Baker Technology's FY2022 earnings more than double to $13.4 million

Samantha Chiew
Samantha Chiew • 2 min read
Baker Technology's FY2022 earnings more than double to $13.4 million
Improvement in the marine offshore market boosts Baker Techcnology's FY2022. Photo: Unsplash
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Baker Technology (SGX:BTP) announced that its earnings for its FY2022 ended Dec 31, 2022, came in at $13.4 million, a 128% increase from $5.89 million in FY2021.

This came on the back of revenue growing some 42% y-o-y to $98.5 million from $69.5 million a year ago.

For the 2HFY2022 period, earnings were 141% higher y-o-y at $4.28 million, while revenue was 31% higher y-o-y at $51.4 million.

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