Without the one-time gain, the group’s earnings would have increased by 2.7% y-o-y.
PSC Corporation has reported earnings of $12.7 million for the 1HFY2022 ended June, 41.9% higher than earnings of $8.9 million.
The earnings surge was attributable to the higher other income, which rose by more than three folds to $4.7 million due to a one-time gain on de-consolidation of subsidiaries, which amounted to $3.5 million. The surge was partly offset by a reduction of amortization of deferred income in the 1HFY2022.
