Earnings of agri-business services provider Mewah International soared by some 643.1% to US$86.5 million ($115.3 million) in FY2020 ended December, from US$11.6 million in the year before.

On a fully diluted basis, this translates to earnings per share of 5.77 US cents in FY2020, versus 0.78 US cents in FY2019.

This comes as the group had achieved what it calls a “record” sales volume of 4.82 million metric tonnes, which is up 5.8% from FY2019. This in turn pushed revenue up by 22.3% to US$3.4 billion in FY2020, from US$2.8 billion in the year before.

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