Far East Orchard O10 says it expects to report a higher profit after tax for the FY2023 ended Dec 31, 2023, based on a preliminary review of the unaudited financial results for the full year period.
In a profit guidance filing, the company says the higher profit after tax compared to FY2022 is mainly attributed to fair value gains on investment properties.
The company has advised that further details of its performance will be set out in its unaudited financial results for FY2023 on or about Feb 28.
Shares in Far East Orchard closed 1 cent lower or 0.99% down at $1.00 on Jan 26.
