First Resources’ net profit falls 44.1% YoY to $71.5m in 1H23

The company’s sales likewise fell during the period.

Despite seeing an improvement in its sales volume in 1H23, First Resources still recorded a 16.1% YoY lower sales of $448,8m in 1H23.

According to First Resources, its sales were offset by the "effect of lower average selling prices."

Given the lower sales value, the company recorded a 44.1% YoY decline in its net profit ($71.5m).

The company, however, underscored that it remains in a "healthy financial position" and has declared an interim dividend of $0.0250 per share.

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