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Fu Yu Corp posts turnaround for 1QFY2024

The Edge Singapore
The Edge Singapore  • 2 min read
Fu Yu Corp posts turnaround for 1QFY2024
Fu Yu's group CEO David Seow / Photo: Albert Chua
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Precision plastics parts maker Fu Yu Corp has managed a turnaround for 1QYF2024, recording earnings of $5,200, versus a loss of $2.4 million in the year-earlier period.

Revenue in the same three months ended March was $78.9  million, double that of $36 million recorded year-earlier, as the company managed to win more contracts. 

Fu Yu has also announced some new key wins, including one to be the exclusive plastics supplier for a Singapore-based medical device maker.

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