First Resources reports 3QFY2023 underlying net profit of US$51.1 mil, 56.0% lower y-o-y

First Resources has reported 3QFY2023 ended Sept 30 sales of US$248.3 million ($337.9 million), 31.4% lower y-o-y. Ebitda for the period fell by 48.3% y-o-y to US$82.8 million. Underlying net profit for the quarter plunged by 56.0% y-o-y to US$51.1 million.

9MFY2023 sales fell by 22.3% y-o-y to US$697.1 million while ebitda fell by 44.8% y-o-y to US$215.7 million. Underlying net profit fell by 53.2% y-o-y to US$118.8 million.