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MTQ Corp reports strong earnings of $3.72 mil for FY2023

Bryan Wu
Bryan Wu • 2 min read
MTQ Corp reports strong earnings of $3.72 mil for FY2023
MTQ CEO Kuah Boon Wee / Photo: Samuel Isaac Chua
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MTQ Corporation (SGX:M05) has reported earnings of $3.7 million for its FY2023 ended March 31, almost tripling its FY2022 earnings of $1.3 million.

Earnings per share for FY2023 came to $1.72, up from 61 cents in the preceding financial year.

For the period, revenue was up by 61% to $83.8 million, with a smaller 52% increase in cost of sales to $56.8 million.

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