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Wing Tai reports earnings of $63.3 million for 1HFY2023, up 18% y-o-y on higher JV companies contributions

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Wing Tai reports earnings of $63.3 million for 1HFY2023, up 18% y-o-y on higher JV companies contributions
Wing Tai’s share of profits from associated and JV companies was $33.4 million in 1HFY2023, 55% higher y-o-y. Photo: Wing Tai
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Wing Tai Holdings has reported earnings of $63.3 million for its 1HFY2023 ended December, 18% higher than the previous corresponding period.

This is mainly due to higher share profits from its joint venture (JV) companies as well as a write-back of deferred tax provisions that is no longer required.

Earnings per share stood at 7.88 cents and 7.87 cents on a basic and diluted basis respectively.

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