First Resources’ revenue reaches an all-time high of US$1.2b in FY22

The record sales propelled its underlying net profit to US$334.2m.

First Resources Limited capped off FY22 with an all-time high revenue of US$1.2b.

In a bourse filing, the palm producer said FY22 is its “best performance” since listing on the SGX Mainboard in December 2007.

The record sales propelled First Resources’ earnings before interest, taxes, depreciation and amortisation (EBITDA) and underlying net profit to US$508.8m (+62.6% YoY) and US$334.2m (+101.8% YoY).

In line with the company’s strong financial performance for the year, the board of First Resources proposed a final dividend of $0.12 per share for FY22.

This will bring the full-year ordinary dividend of First Resources to $0.145 per share, or  50% of the group’s underlying net profit.