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Fu Yu Corporation Clarifies EGM Requisition Amid Financial Turnaround

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Fu Yu Corporation Clarifies EGM Requisition Amid Financial Turnaround

Confident Investing Starts Here:

The latest announcement is out from Fu Yu Corporation Limited ( (SG:F13) ).

Fu Yu Corporation Limited announced a clarification regarding the requisition to convene an Extraordinary General Meeting (EGM), stating that independent non-executive directors are not involved in daily operations. The company reported a significant financial turnaround, achieving an operating profit of S$0.8 million for the nine months ended September 2024, compared to a loss of S$6.5 million in the previous year, with revenue increasing by 55.2% to S$162 million.

More about Fu Yu Corporation Limited

YTD Price Performance: -1.54%

Average Trading Volume: 212,016

Technical Sentiment Consensus Rating: Buy

Current Market Cap: S$97.54M

Find detailed analytics on F13 stock on TipRanks’ Stock Analysis page.

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