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Fu Yu Corp announces 56.8% lower 4Q earnings of $2.4 mil on other operating expenses

Michelle Zhu
Michelle Zhu • 2 min read
Fu Yu Corp announces 56.8% lower 4Q earnings of $2.4 mil on other operating expenses
SINGAPORE (Feb 28): Fu Yu Corporation posted 4Q17 earnings of $2.4 million for the 4Q ended Dec 2017, 56.8% down from $5.6 million a year ago on other operating expenses.
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SINGAPORE (Feb 28): Fu Yu Corporation posted 4Q17 earnings of $2.4 million for the 4Q ended Dec 2017, 56.8% down from $5.6 million a year ago on other operating expenses.

Revenue for the quarter grew 8.7% to $52.7 million from $48.5 million, buoyed by higher sales across its operations in Singapore, Malaysia and China.

Gross profit margin expanded to 19.1% compared to 17.3% in 4Q16.

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