Far East Orchard Reports 6.1% Dip in Revenue and 8.3% Decline in Net Profit for 1H FY2025; Adjusted Net Profit Excluding One-Off Gain Falls to $8.9 Million
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Far East Orchard Limited reported a 6.1% decline in revenue to $1.3 million and an 8.3% drop in net profit to $18.0 million for 1H FY2025. Operating profit decreased by 14.4% to $30.6 million, with profit attributable to shareholders down 42.3% to $16.6 million. The hospitality segment's weaker performance impacted results, although the Purpose-built Student Accommodation segment contributed positively following an acquisition. The company is expanding its PBSA portfolio in the UK, aiming for over 4,700 beds by 2028.
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