Far East Orchard triples net profit in FY23

Net profit for the period was $66.0m.

Far East Orchard Limited saw its net profit triple to $66.0m in FY23.

In a bourse filing, the company attributed its improved net profit to fair value gains on investment properties of $58.3m.

The fair value gains were mainly from the company’s UK Purpose-built Student Accommodation (PBSA) portfolio.

In the same period, the company recorded a 30.3% YoY higher revenue of $183.6m.

With improved net profit and revenue, Far East Orchard’s earnings per share ballooned to $0.137 in FY23 from $0.047 in FY22.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!