The higher revenue was thanks to higher sales from its manufacturing business and new revenue streams from supply chain management services under Fu Yu Supply Chain Solutions Pte Ltd.
Fu Yu Corporation has reported net profit of $6.0 million, up 17.6% y-o-y for the 1QFY2022 ended March. Of the sum, $1.6 million came from Fu Yu Supply Chain Solutions, which offset the net profit decline from the group’s manufacturing business due to lower foreign exchange gains.
During the quarter, revenue of $85.6 million for the 1QFY2022 ended March, 146.7% higher y-o-y.
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