However, revenue for the reporting period came in 8.6% y-o-y lower at $46.5 million, and operating profit declined 4.4% y-o-y to $17.3 million for 1QFY2025.
Far East Orchard has reported earnings of $17.3 million for 1QFY2025 ended March 31, 2025, more than double from the same period a year ago.
Profit after tax for the period came in at $17.1 million for 1QFY2025, also double than that from a year ago. This is due to the acquisition of an additional 6.7% interest in Woods Square in January 2025, arising from higher fair value of net assets acquired over the purchase consideration. The one-off gain amounted to $9.2 million.
