Huationg Global has reported earnings of $14.3 million for the FY2023 ended Dec 31, 2023, 39.7% higher y-o-y.
Earnings for the 2HFY2023 rose by 31.5% y-o-y to $9.1 million.
Earnings per share (EPS) for the FY2023 and 2HFY2023 stood at 8.05 cents and 5.10 cents respectively.
FY2023 revenue grew by 15.1% y-o-y to $174.6 million mainly due to higher occupancy in the dormitory operations segment and work done for existing and new projects in civil engineering service business segment. During the year, all segments – except inland logistics support service income – rose on a y-o-y basis.
Gross profit was up by 27.3% y-o-y at $45.7 million.
Profit before income tax was up by 46.0% y-o-y at $17.6 million.
A final dividend of 0.5 cents per share has been proposed, bringing the total dividend to 0.8 cents per share for the year, unchanged from last year’s dividend.
As at Dec 31, 2023, cash and cash equivalents stood at $70.7 million.
Shares in Huationg Global 41B closed 0.1 cent higher or 0.69% up at 14.7 cents on Feb 29.
