FSL Trust FY2023 net profit down 72.3% y-o-y to US$3.7 mil

The trustee-manager of First Ship Lease Trust (SGX:D8DU) (FSL Trust) (SGX:D8DU) has announced a net profit of US$3.7 million ($4.97 million) for its FY2023 ended Dec 31, 2023, a 72.3% decrease compared to its net profit of US$13.3 million for the previous financial year.

For 2HFY2023, the trust reported a net profit of US$1.9 million, down 83.3% compared to a net profit of US$11.0 million in 2HFY2022.