Meanwhile, net finance costs for First Sponsor’s FY2023 increased 143% y-o-y to $28.1 million from $11.6 million the year before.
Property developer, First Sponsor Group, has reported earnings of $12.5 million for its FY2023 ended Dec 31, down 90.5% y-o-y from FY2022’s $131.3 million.
This translates to an earnings per share (EPS) of $1.08, 89% lower than FY2022’s EPS of $9.90, while revenue declined 38% y-o-y to $282.9 million in FY2023 from $427.5 million in the year before.
