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Far East Orchard’s profit more than doubles in 9M FY24 to $16.9m

The company attributed its feat to its strong operating performance in H1.

Far East Orchard Limited's profit attributable to equityholders more than doubled in 9M FY 2024, jumping to $16.9m.

The company attributed its feat to its strong operating performance in H1.

"The hospitality business segment maintained stable contributions, supported by buoyant performance in the Japan and Europe market," the company said.

In the same period, Far East Orchard reported a 4.5% YoY higher revenue of $140.1m and a net profit of $47.6m, up 16.4% YoY.
 

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