Far East Orchard

Results

Far East Orchard reports higher earnings of $6.9 million for 1QFY2024

It aims to be asset-light and to explore additional opportunities with capital partners such as Woh Hup

Property

Far East Orchard acquires 49% stake in UK PBSA operator for GBP17.6 mil

Homes For Students is the UK’s largest independent PBSA operator with over 40,000 beds in 50 university towns and cities.
Far East Orchard and Woh Hup buy land in Glascow for $5.1 mil to expand UK PBSA portfolio - THE EDGE SINGAPORE

Property

Far East Orchard and Woh Hup buy land in Glasgow for $5.1 mil to expand UK PBSA portfolio

The site in Glasgow intended to be developed into a purpose-built student accommodation (PBSA) of 273 beds.

Results

Far East Orchard increases earnings by more than 100% y-o-y for FY2023 to $66 mil

The group says this was mainly due to fair value gains on its UK purpose-built student accommodation portfolio.

Results

Far East Orchard expects higher profit after tax for FY2023 in profit guidance

The higher profit after tax compared to FY2022 is mainly attributed to fair value gains on investment properties.

Results

Far East Orchard earnings up 18.8% for first three quarters of FY2023

The earnings increase came on the back of a 36.7% growth in revenue to $134.1 million for nine-month period.
Far East Orchard reports 67.9% surge in net profit in 1QFY2023  - THE EDGE SINGAPORE

Results

Far East Orchard reports 67.9% surge in net profit in 1QFY2023

Far East Orchard's net profit surged in 1QFY2023 buoyed by its hotels, as travel recovered

Results

Far East Orchard reports FY2022 earnings of $21.9 mil, 22.1% lower y-o-y

A first and final dividend of 3 cents per share has been declared, along with a special dividend of 1 cent per share.

Property

Far East Orchard acquires student accommodation property in UK for $22.9 mil

The acquisition is expected to be completed in April 2023.

Results

Far East Orchard reverses into profitability of $7.0 mil for the 9MFY2022

The higher net profit was attributable to the recovery of the hospitality sector, says the group.
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