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PSC reports higher earnings despite lower revenue; to pay special dividend

The Edge Singapore
The Edge Singapore • 2 min read
PSC reports higher earnings despite lower revenue; to pay special dividend
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PSC Corp has reported earnings of $21.8 million for FY2023, up 11.8% over the preeding year, even though revenue was down 12.8% to $482.1 million.

The company was able to fetch better margins for its packaging business, thanks to lower material costs.

PSC Corp plans to pay a final dividend of 1 cent, plus a special dividend of 0.5 cents. This will bring the total payout for FY2023 to 1.8 cents, up 44% over FY2022.

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