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Vertex Holdings reports US$530 mil earnings in FY2021

Khairani Afifi Noordin
Khairani Afifi Noordin4/4/2022 09:54 AM GMT+08  • 2 min read
Vertex Holdings reports US$530 mil earnings in FY2021
The Temasek wholly-owned subsidiary recorded an 8,173.9% increase in its revenue to US$79.3 million in FY2021.
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Vertex Venture Holdings has posted earnings of US$530 million ($719 million) in the FY2021 ended December 31, 2021, a reversal from a loss of US$40 million ($54.2 million) the year before.

The Temasek wholly-owned subsidiary recorded an 8,173.9% increase in its revenue to US$79.3 million from US$900,000 in the same period last year. Its EBIT also grew to US$614 million, from a loss of US$32.5 million.

Profit before tax for FY2021 stood at US$614 million, from a loss before tax of US$32 million in FY2020.

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