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Newly-listed Ever Glory reports earnings surge, interim dividend, and bonus share issue

The Edge Singapore
The Edge Singapore • 3 min read
Newly-listed Ever Glory reports earnings surge, interim dividend, and bonus share issue
The company plans to give a 1-for-1 bonus share issue
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Newly-listed engineering firm Ever Glory United Holdings has reported a maiden set of earnings that's 771% higher y-o-y. In addition, it is declaring an interim dividend. And, it is proposing a bonus share issue.

On Aug 10, the company, which went IPO in May at 22 cents each, reported earnings of $5.49 million for its 1HFY2023 ended June, vs just $0.63 million reported for 1HFY2022.

Revenue in the same period more than doubled to $26.6 million, from $10.1 million, as the company recognised more revenue from ongoing projects.

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