Meanwhile, the company’s FY2023 revenue of $190.4 million decreased by 20.7% y-o-y from $240.2 million in the year before, which it attributes to the weaker first half of 2023 amid economic uncertainty, geopolitical tensions and a higher interest rate environment.
Precision plastics manufacturer, Fu Yu Corp has reported losses of $10.1 million for its FY2023 ended Dec 31, 2023, down from FY2022’s earnings of $14.6 million.
This translates to a loss per share of 1.34 cents, from FY2022’s earnings per share (EPS) of 1.93 cents.
