The decrease in net profit was mainly due to the absence of the US$1.6 million gain on the acquisition of Finbar Group's shares in 1HFY2023 and higher depreciation and amortisation expenses recognised in relation to the student accommodation business of US$0.7 million in 1HFY2024.
Chuan Hup Holdings (SGX:C33
) has reported earnings of US$380,000 ($507,500) for its 1HFY2024 ended Dec 31, 2023, down 73.8% compared to its earnings of US$1.45 million in the same period last year.
Earnings per share (EPS) for the half-year period also shrunk to 0.04 US cents compared to 0.16 US cents in 1HFY2023.
