Yangzijiang Financial Holding announces half year results with growth in diluted EPS

SINGAPORE – Media OutReach – 12 August 2023 – Yangzijiang Monetary Holding Ltd. (SGX:YF8) reported a formidable first half of 2023, with complete revenue hovering 14.2% year-on-year to S$198.4 million and internet revenue to fairness holders of the Firm growing 19.2% to S$162.5 million. This was bolstered by a internet acquire of S$34.5 million in truthful worth of monetary belongings as in comparison with a S$19.0 million truthful worth loss within the first half of 2022. Diluted earnings per share (EPS) additionally skyrocketed 27.2% to SGD4.39 cents in 1H2023 in comparison with SGD3.45 cents in 1H2022, partly resulting from a 6.2% year-on-year decline within the weighted common variety of bizarre shares excellent to three.65 billion shares.

The Group’s Maritime Fund, which has since been enlarged from US$500 million to US$600 million, has closed 12 offers, dedicated an quantity of US$173.8 million, and invested US$109.3 million, reaching an inner charge of return (IRR) of 16.4% and return on fairness (ROE) of 17.7%.

CEO Vincent Toe commented: “The Group’s worldwide portfolio has gotten off to an ideal begin and we’re at present reaping the rewards of our investments. Our diversified set-up for this portfolio, at present spanning throughout 4 completely different asset varieties, is designed to scale back portfolio volatility whereas nonetheless reaching sturdy returns for all our stakeholders within the long-run.”

Govt Chairman Ren Yuanlin added: “We’re assured that our sturdy monetary place in a unstable market will allow us to capitalise on appropriate funding alternatives as and once they come up, each inside and past China.”Hashtag: #maritime #shipbuilding #SGX #mainboard

The issuer is solely liable for the content material of this announcement.

Yangzijiang Monetary Holdings

Yangzijiang Monetary Holding Ltd. is a Singapore-incorporated firm that focuses on funding administration, wealth administration companies, and fund administration.