ESR’s PATMI rises 9% YoY to US$655m in FY22
PATMI would have surged 24% YoY if not for the weakness of APAC currencies vs USD.
ESR Group Limited ended the financial year 2022 with a 9% YoY higher profit after taxation and minority interests (PATMI) of US$655m.
If not for the substantial weakness of most APAC currencies vs the US dollar in 2022, the group’s PATMI would have risen by 24% YoY.
Apart from higher PATMI, the group also recorded improved earnings before interest, taxes, depreciation and amortisation (EBITDA). Its EBITDA for FY22 rose 10.2% to US$1.15b.
The group’s revenue likewise increased, rising 7.1% YoY to US$821m.
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