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Uni-Asia Group earnings down 82% y-o-y to $5.0 mil in FY2023 after shipping market normalisation

Bryan Wu
Bryan Wu • 2 min read
Uni-Asia Group earnings down 82% y-o-y to $5.0 mil in FY2023 after shipping market normalisation
Uni-Asia CEO CEO Kenji Fukuyado. Photo: Albert Chua/The Edge Singapore
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Uni-Asia Group (SGX:CHJ) has reported earnings of $5.0 million for the FY2023 ended Dec 31, 2023, 82% lower than its record earnings of $27.8 million in FY2022 as the shipping market normalised after an exceptional period post-Covid period from 2021 to 2022.

Correspondingly, earnings per share for FY2023 fell to 6.4 cents from 35.4 cents in FY2022.

For the full-year period, revenue was down 33% y-o-y to US$58.0 million with charter income falling 42% y-o-y to $37.8 million.

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