Fu Yu Returns to Profit in Q3; Shares Surge 16%

MT Newswires

10/30

Fu Yu (SGX:F13) booked a net profit of SG$2.4 million during the third quarter, compared with a net loss of SG$2.6 million a year earlier, according to a Wednesday filing with the Singapore Exchange.

Shares of the high-end precision plastic and metal components company surged nearly 16% in Thursday trading.

Higher revenue was driven by the core manufacturing segment, which booked a revenue of SG$31.2 million compared with SG$30.6 million a year earlier.

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