Revenue for the FY2022 grew by 8.8% y-o-y to $82.6 million as most of the group’s segments saw revenue growth on a y-o-y basis. Only sales in the precision machining segment fell due to lower electronic component sales amid a slow recovery in the aviation sector. During the 2HFY2022, revenue fell by 18.2% y-o-y to $38.0 million as most segments saw revenue decline y-o-y and mitigated by the y-o-y growth in the trading and other segments revenue.
JEP Holdings (SGX:1J4
) has reported earnings of $2.1 million for the 2HFY2022 ended Dec 31, 2022, 65.2% lower y-o-y. The earnings plunge was due to the slowdown in the global semiconductor industry during the 4QFY2022, says the group.
FY2022 earnings fell by 3.7% y-o-y to $7.6 million mainly due to foreign exchange (forex) losses arising from a weaker US dollar (USD) during the period.
