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Chuan Hup's Attributable Profit Plummets 85% in FY22 on Lower Sales

MT Newswires ·  {{timeTz}}

08:37 AM EDT, 08/26/2022 (MT Newswires) -- Chuan Hup Holdings' (SGX:C33) profit attributable to equity holders plummeted 85.1% to $2 million in the 12 months ended June 30, from $13.3 million a year ago.

Revenue for fiscal 2022 dropped 19.7% year over year to $15.7 million from $19.6 million, mainly due to lower sales contribution from the group's property development projects and lower investment trading gain, according to a Friday bourse filing.

The company recommended a final cash dividend of SG$0.01 per share for the reporting period.

Shares of the Singaporean investment company closed 2% higher on Friday.

Price (SGD): S$0.23, Change: S$0.00, Percent Change: +2.27%

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