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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.

RELATED STORY: ESR-LOGOS REIT’s NPI soars 41.0% YoY to $244.2m in FY22

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