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Yangzijiang Financial reports 25% higher FY2023 earnings of $201.8 mil; proposes dividend of 2.2 cents per share

Felicia Tan
Felicia Tan • 3 min read
Yangzijiang Financial reports 25% higher FY2023 earnings of $201.8 mil; proposes dividend of 2.2 cents per share
As at Dec 31, 2023, the group has $4.0 billion of assets under management (AUM). Photo: Albert Chua/The Edge Singapore
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Yangzijiang Financial Holding has reported earnings of $201.8 million for the FY2023 ended Dec 31, 2023, 25% higher y-o-y. The group’s earnings for the 2HFY2023 surged by 53% y-o-y to $39.3 million.

Earnings per share (EPS) for the FY2023 and 2HFY2023 stood at 5.53 cents and 1.08 cents respectively.

FY2023 total income rose by 16% y-o-y to $348.4 million with strong investment income from its maritime fund assets and offset by a drop in interest income from its debt investments business.

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