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Penguin International reports FY2023 earnings of $16.7 mil, up 58.6% y-o-y

Bryan Wu
Bryan Wu • 1 min read
Penguin International reports FY2023 earnings of $16.7 mil, up 58.6% y-o-y
A final dividend of 3.42 cents per ordinary share has been declared for FY2023. Photo: Penguin
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Penguin International (SGX:BTM) has reported earnings of $16.7 million for the FY2023 ended Dec 31, 2023, 58.6% higher than its earnings of $10.6 million in FY2022.

For the full-year period, earnings per share stood at 7.6 cents, increasing from 4.79 cents in the previous financial year.

Revenue for FY2023 also increased 34.9% y-o-y to $182.4 million, due mainly to an increase in the number of stock vessels sold and an increase in chartering activity y-o-y. 

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