{"id":33720,"date":"2023-08-12T11:00:00","date_gmt":"2023-08-12T11:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2023\/08\/12\/yangzijiang-financial-holding-announces-half-year-results-with-growth-in-diluted-eps\/"},"modified":"2023-08-12T11:00:00","modified_gmt":"2023-08-12T11:00:00","slug":"yangzijiang-financial-holding-announces-half-year-results-with-growth-in-diluted-eps","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2023\/08\/12\/yangzijiang-financial-holding-announces-half-year-results-with-growth-in-diluted-eps\/","title":{"rendered":"Yangzijiang Financial Holding announces half year results with growth in diluted EPS"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>        SINGAPORE &#8211;<br \/>\n<a href=\"https:\/\/www.media-outreach.com\/\" rel=\"sponsored\">Media OutReach<\/a> &#8211; 12 August 2023<b> <\/b>&#8211; Yangzijiang Financial Holding Ltd. (SGX:YF8) reported an impressive first half of 2023, with total income soaring 14.2% year-on-year to S$198.4 million and net profit to equity holders of the Company increasing 19.2% to S$162.5 million. This was bolstered by a net gain of S$34.5 million in fair value of financial assets as compared to a S$19.0 million fair value loss in the first half of 2022. Diluted earnings per share (EPS) also skyrocketed 27.2% to SGD4.39 cents in 1H2023 compared to SGD3.45 cents in 1H2022, partly due to a 6.2% year-on-year decline in the weighted average number of ordinary shares outstanding to 3.65 billion shares.<\/p>\n<p>The Group\u2019s Maritime Fund, which has since been enlarged from US$500 million to US$600 million, has closed 12 deals, committed an amount of US$173.8 million, and invested US$109.3 million, achieving an internal rate of return (IRR) of 16.4% and return on equity (ROE) of 17.7%.\n<\/p>\n<p>CEO Vincent Toe commented: \u201cThe Group&#8217;s international portfolio has gotten off to a great start and we are currently reaping the rewards of our investments. Our diversified set-up for this portfolio, currently spanning across 4 different asset types, is designed to reduce portfolio volatility while still achieving strong returns for all our stakeholders in the long-run.\u201d\n<\/p>\n<p>Executive Chairman Ren Yuanlin added: \u201cWe are confident that our strong financial position in a volatile market will enable us to capitalise on suitable investment opportunities as and when they arise, both within and beyond China.\u201d        <\/p>\n<p><b>Hashtag: <\/b>#maritime #shipbuilding #SGX #mainboard<\/p>\n<p>\n            <em>The issuer is solely responsible for the content of this announcement.<\/em>\n        <\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/singapore\/2023\/08\/12\/239227\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE &#8211; Media OutReach &#8211; 12 August 2023 &#8211; Yangzijiang Financial Holding Ltd. (SGX:YF8) reported an impressive first half of 2023, with total income soaring 14.2% year-on-year to S$198.4 million and net profit to equity holders of the Company increasing 19.2% to S$162.5 million. This was bolstered by a net gain of S$34.5 million in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":33721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/33720"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=33720"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/33720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/33721"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=33720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=33720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=33720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}