
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.
Commentary
Workplace 3.0: Transforming work environments to support innovation and meaningful work
The race to gender equity for Asia’s startups
How Many Apps Does It Take to Change a Workplace?
In an era of zero-sum thinking, business leaders must unlock a mutually beneficial future