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Best World’s 4QFY2023 earnings down 15.2% y-o-y to $40.4 million

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Best World’s 4QFY2023 earnings down 15.2% y-o-y to $40.4 million
Revenue for 4QFY2023 decreased 4.6% y-o-y to $201.3 million, primarily due to its franchise segment in China. Photo: Samuel Isaac Chua/The Edge Singapore
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Best World International has reported earnings of $40.4 million in its 4QFY2023 ended December, a 15.2% decline compared to the previous corresponding period.

Earnings per share for the quarter declined to 9.37 cents from 10.87 cents in the previous corresponding quarter.

Revenue for 4QFY2023 decreased 4.6% y-o-y to $201.3 million. This was primarily due to its franchise segment in China, which experienced a weak consumer sentiment and ongoing macroeconomic challenges. 

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