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Far East Orchard
Results
Far East Orchard reports 67.9% surge in net profit in 1QFY2023
Far East Orchard's net profit surged in 1QFY2023 buoyed by its hotels, as travel recovered
May 05, 2023
Results
Far East Orchard reports FY2022 earnings of $21.9 mil, 22.1% lower y-o-y
A first and final dividend of 3 cents per share has been declared, along with a special dividend of 1 cent per share.
February 27, 2023
Property
Far East Orchard acquires student accommodation property in UK for $22.9 mil
The acquisition is expected to be completed in April 2023.
December 09, 2022
Results
Far East Orchard reverses into profitability of $7.0 mil for the 9MFY2022
The higher net profit was attributable to the recovery of the hospitality sector, says the group.
October 28, 2022
Property
Far East Orchard plans PBSA development in Bristol
Far East Orchard takes a 42% stake in a JV to develop a PBSA in Bristol
June 14, 2022
Regulatory Action
MAS imposes civil penalty of $100,000 on individual for false trading of Aspial and Far East Orchard shares
Tan had pledged her Aspial and Far East Orchard shares as collateral for share margin purposes.
May 11, 2022
Deals, joint ventures & alliances
Far East Orchard enters into JV in relation to hospitality management business in China
The board is of the view that this is a good time to enter the Chinese market and grow the group’s global presence, says the group
March 04, 2022
Results
Far East Orchard announces turnaround supported by fair value gains
Far East Orchard plans to grow its purpose-built student accommodation portfolio
February 24, 2022
Results
Far East Orchard to report net profit in FY2021, reversing from net loss in FY2020
The group’s results for the FY2021 will be released on or around Feb 24.
January 28, 2022
Results
Far East Orchard sees 9M21 losses double y-o-y to $20.8 million as hospitality sector hammered
As Covid-19 continues to drag on, hospitality businesses like FEO remain in the red, booking a $20.8 million loss for its 9M21.
November 09, 2021