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Fu Yu Corp posts 56% lower 3Q earnings but still declares second interim dividend of 0.25 cent

Michelle Zhu
Michelle Zhu11/14/2017 06:24 PM GMT+08  • 2 min read
Fu Yu Corp posts 56% lower 3Q earnings but still declares second interim dividend of 0.25 cent
SINGAPORE (Nov 14): Fu Yu Corporation reported a 55.9% decline in 3Q17 earnings to $0.8 million compared to earnings of $1.8 million in the same period a year ago, due to higher operating expenses and a loss of joint venture.
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SINGAPORE (Nov 14): Fu Yu Corporation reported a 55.9% decline in 3Q17 earnings to $0.8 million compared to earnings of $1.8 million in the same period a year ago, due to higher operating expenses and a loss of joint venture.

The manufacturer and supplier of high-precision injection moulds and plastic parts posted 4.5% higher revenue of $50.2 million from $48.1 million a year ago on higher sales from the group’s Singapore and Malaysia operations, while sales from its China segment remained steady.

Gross profit grew 20% to $8.4 million from $7 million while gross profit margin expanded to 16.8% from 14.6%.

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