Far East Orchard Ltd. (SG:O10) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Far East Orchard Limited reported a substantial increase in net profit to S$18.0 million for the first nine months of FY2024, driven by growth in its Purpose-built Student Accommodation segment and stable contributions from its hospitality business in Japan and Europe. Despite challenges from geopolitical tensions and financial volatility, the group’s operating profit rose by 16.4% to S$47.6 million. The company remains optimistic but cautious about future growth due to market uncertainties.
For further insights into SG:O10 stock, check out TipRanks’ Stock Analysis page.
