On Oct 14, Pan-United announced the proposed disposal of its entire 49% issued share capital in PT Pacific Granitama (PTPG), a limited liability company in the business of the mining, production, sale and export of aggregates and other materials in Indonesia. The transaction is currently in progress.
Pan-United Corporation (SGX:P52
) has reported earnings of $9.88 million for its 2HFY2022 ended December, down 16% compared to the previous corresponding period at $11.7 million.
For the full year, however, the company reports earnings of $23.4 million, 25% higher y-o-y. Excluding discontinued operations, earnings from continuing operations increased 42% y-o-y to $27.5 million in FY2022.
