This was mainly due to a higher net foreign exchange gain of $1.6 million in 3QFY2022 compared to a gain of S$0.5 million in 3QFY2021, as Fu Yu revealed that it is in a net US Dollar assets position, and the appreciation of the US Dollar against the Singapore Dollar, Malaysia Ringgit and Renminbi in resulted in a higher net foreign exchange gain
Precision plastics manufacturer Fu Yu Corp has reported a revenue of $35.8 million in its 3QFY2022 ended Sept 30, down from $36.7 million the same period before.
Operating profit dipped slightly from $4 million to $3.9 million, but the company saw a higher net profit figure of $4.7 million, a 42.5% jump compared to the $3.3 million a year before.
