Fu Yu Q4 earnings rise despite lower turnover

FU Yu Corp fourth-quarter net profit shot up 44.4 per cent to S$5.6 million from the preceding year, the group said in a Singapore Exchange filing on Wednesday evening.

For the three months ended Dec 31, revenue slid 3.5 per cent to S$48.5 million from the previous year. Earnings per share grew to 0.74 Singapore cents from 0.51 Singapore cents in the previous year. Dividend per share was flat at one Singapore cent compared to the previous year.

Fu Yu Corp shares finished unchanged at S$0.22 on Wednesday.