The group’s earnings per share came in at 13.7 cents for the FY2023, also more than a 100% y-o-y increase from 4.7 cents in FY2022.
Far East Orchard has reported earnings of $66 million for the FY2023 ended Dec 31, 2023, a more than 100% y-o-y increase from the same period a year before.
This is mainly due to fair value gains on investment properties of $58.3 million, largely from the group’s UK purpose-built student accommodation (PBSA) portfolio.
