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Far East Orchard posts 9MFY2024 earnings of $16.9 mil, up by more than 100% y-o-y

Ashley Lo
Ashley Lo • 2 min read
Far East Orchard posts 9MFY2024 earnings of $16.9 mil, up by more than 100% y-o-y
The group's revenue stood at $140.1 million in 9MFY2024, up 4.5% y-o-y. Photo: Far East Orchard
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Far East Orchard has reported earnings of $16.9 million for the 9MFY2024 ended Sept 30, a more than 100% y-o-y increase from the same period a year before. 

This came on the back of a strong performance in 1HFY2024 despite higher finance expenses, says the group. 

For the same period, net profit after tax (NPAT) stood at $18 million,up from $7 million in 9MFY2023. Operating profit for 9MFY2024 saw a 16.4% y-o-y increase to $47.6 million, driven by strong results in 1HFY2024. 

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