During the 2HFY2022, the group saw a significant increase in revenue for its lithium battery recycling business under its commodities segment in the 2HFY2022. Its electro deposition (ED) segment remained profitable during the period as well.
Sen Yue Holdings (SGX:5BS
) is expecting to report a “commendable net profit” in the FY2022 ended Sept 30, 2022, reversing from its loss after tax of $5.5 million in the FY2021.
The group attributed the better performance to the improvement in its business performance as it progresses back to “normalcy” under the helm of its new management.
