Far East Orchard

Far East Orchard aims to continue growing recurring hospitality revenue through operating contracts and strategic partnerships.

Although the group is expecting its FY2020 results to be “severely impacted” as the pandemic rages on, the board will be tabling its previously announced FY2019 dividend of 6 cents per share at the upcoming AGM.

SINGAPORE (Aug 6): Far East Orchard posted earnings of $2.4 million for the 2Q19 ended June, some 53.7% higher than earnings of $1.6 million a year ago.

SINGAPORE (May 7): Developer Far East Orchard reported 1Q19 earnings of $3.4 million, down 55.4% to $7.7 million a year ago on lower share of profit of associated companies.

SINGAPORE (Apr 17): Far East Hospitality, the operator of hotels and serviced residences, announced that it is expanding its regional footprint into Vietnam.

SINGAPORE (Mar 17): Far East Orchard has acquired a portfolio of three freehold student accommodation properties in the UK for £55.0 million ($98.7 million).

SINGAPORE (May 28): Far East Orchard’s 70%-held subsidiary Far East Hospitality Holdings (FEHH) has entered into a 50-50 joint venture with Boo Han Holdings (BHH), a member of Far East Organization, to jointly undertake a hotel project in Japan for 8.20

SINGAPORE (Apr 24): Far East Orchard saw its earnings climb 36.9% to $7.7 million for the 1Q ended March, from $5.6 million a year ago.

SINGAPORE (Feb 22): Far East Orchard reported a 66.8% decline in FY17 earnings to $21.6 million from $65 million a year ago.

SINGAPORE (Nov 6): Far East Orchard saw its earnings tumble 72.1% to $2.9 million for the 3Q ended September, from $10.5 million a year ago.