The group’s FY2022 earnings came up to US$325.2 million, 101.8% higher y-o-y, due to the stronger ASPs and offset by lower sales volumes.
First Resources (SGX:EB5
) has delivered its best financial performance during the FY2022 ended Dec 31, 2022 since its listing on December 2007. The record performance were driven by average selling prices (ASPs) during the year, says the group.
For the 2HFY2022, First Resources reported earnings of US$197.2 million ($265.9 million), 53.4% higher y-o-y as profit from operations rose from a combination of higher ASPs and sales volumes.
