Meanwhile, although revenue increased by 28% y-o-y to $102.0 million in FY2023 from $79.8 million in FY2022, cost of sales in FY2023 increased by 33% to $69.1 million from $52.1 million in FY2022.
Kim Heng has reported earnings of $1.6 million for its FY2023 ended Dec 31, 2023, 79% down y-o-y from FY2022’s $7.4 million.
This translates to an earnings per share (EPS) of 0.2 cents, 80% lower than FY2022’s EPS of 1.0 cent.
