In FY2023, revenue fell by 68.8% y-o-y to US$4.91 million, while property development expenses decreased by 94.6% compared to FY2022.
Chuan Hup Holdings C33 has reported earnings of US$5.79 million ($7.85 million) for its FY2023 ended June 30, up 192.3% compared to its earnings of US$1.98 million in FY2022.
The earnings surge was due to changes in the fair value of the group’s investment securities, which improved to a gain of US$1.54 million compared to its loss of $3.38 million in FY2022.
