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First Sponsor sees 92.7% plunge in 4Q20 earnings of $6.9 mil on lower revenue, gross profit

Felicia Tan
Felicia Tan • 4 min read
First Sponsor sees 92.7% plunge in 4Q20 earnings of $6.9 mil on lower revenue, gross profit
As at 11.33am, shares in First Sponsor are trading flat at $1.35.
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First Sponsor has posted earnings of $6.9 million for the 4QFY2020 ended December, a 92.7% plunge from earnings of $94.9 million a year ago.

The lower earnings translate to earnings per share (EPS) of 0.52 cents on a fully diluted basis for the quarter, compared to 8.62 cents the year before.

For the FY2020, earnings fell 38.3% y-o-y to $103.2 million, bringing EPS for the full-year to 8.87 cents, from 17.12 cents a year ago.

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