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Fruition Venture Limited Announces Launch of New Website
The new website provides comprehensive information about the company, its investment services, and its team of experienced professionals.
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Fruition Venture Limited Reports Strong Financial Results for Q4 2022
The company reported a significant increase in revenue and net income, driven by the successful execution of its investment strategy.
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Fruition Venture Limited Partners with Leading Tech Startup for Innovative Investment Solutions
The partnership will leverage the startup's cutting-edge technology to enhance the company's investment analysis and portfolio management capabilities.
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Fruition Venture Limited Announces Profit After Tax of £1.4 Million for the Year Ended 31 December 2022
Fruition Venture Limited (AIM: FRU) is pleased to announce its results for the year ended 31 December 2022.
The Group delivered a strong performance in 2022, with revenue increasing by 19% to £13.3 million and profit after tax increasing by 23% to £1.4 million.
The Group's core business, which provides software and services to the UK social care sector, continued to perform well, with revenue increasing by 17% to £11.2 million.
The Group's other business, which provides software and services to the UK education sector, also performed well, with revenue increasing by 35% to £2.1 million.
The Group's financial position remains strong, with net cash at 31 December 2022 of £2.3 million.
The Board is confident that the Group is well-positioned to continue to deliver growth in the years to come.
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Fruition Venture Limited Announces Acquisition of Health and Social Care Software Provider, CareVision Ltd
Fruition Venture Limited (AIM: FRU) is pleased to announce the acquisition of CareVision Ltd, a leading provider of health and social care software.
CareVision's software is used by over 500 care providers in the UK, including local authorities, NHS trusts, and private care homes.
The acquisition of CareVision will strengthen Fruition's position as a leading provider of software and services to the UK social care sector.
The consideration for the acquisition is £1.5 million, payable in cash on completion.
The acquisition is expected to be completed in the coming weeks.
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Fruition Venture Limited Announces Partnership with XYZ Corp.
Fruition Venture Limited, a leading provider of innovative technology solutions, is pleased to announce a new partnership with XYZ Corp., a global leader in the energy sector.
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Fruition Venture Limited Launches New Product to Accelerate Business Growth
Fruition Venture Limited is excited to announce the launch of its latest product, designed to help businesses accelerate their growth and achieve their full potential.
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Fruition Venture Limited Receives Industry Recognition for Commitment to Innovation
Fruition Venture Limited has been recognized by the industry for its unwavering commitment to innovation and excellence.
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Fruition Venture Limited Signs Agreement to Acquire Minority Stake in Singapore-Based Property Development Company
**Fruition Venture Limited (Catalist:FRU)**, an investment holding company focused on the real estate and lifestyle sectors, is pleased to announce that it has entered into an agreement to acquire a minority stake in Singapore-based property development company, **Luxus Hills Development Pte. Ltd. (Luxus Hills)**.
The acquisition of the minority stake in Luxus Hills is aligned with Fruition Venture's strategy to expand its presence in the Southeast Asian property market and to diversify its portfolio of real estate investments.
Luxus Hills is a boutique property developer with a focus on developing high-end residential projects in Singapore. The company has a strong track record of successfully completing several residential development projects in prime locations across the city-state.
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Fruition Venture Limited Announces Appointment of New Independent Director
**Fruition Venture Limited (Catalist:FRU)**, an investment holding company focused on the real estate and lifestyle sectors, is pleased to announce the appointment of **Dr. Tan Tee How** as an Independent Director of the Company, effective from 1 March 2023.
Dr. Tan is a seasoned professional with over 30 years of experience in the real estate, finance, and investment sectors. He currently serves as the CEO of Aoxin Capital Pte. Ltd., a private equity firm focused on investing in real estate and technology companies in Southeast Asia.
Prior to joining Aoxin Capital, Dr. Tan held various senior positions at leading financial institutions, including DBS Bank and United Overseas Bank (UOB). He has a deep understanding of the real estate market, both in Singapore and the region, and has extensive experience in real estate investment and development.
The appointment of Dr. Tan as an Independent Director is a testament to Fruition Venture's commitment to strengthening its corporate governance and enhancing the diversity of its Board. His expertise in the real estate and finance sectors will be invaluable as the Company continues to execute its growth strategy.
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Fruition Venture Limited Reports Strong Financial Performance for FY2022
**Fruition Venture Limited (Catalist:FRU)**, an investment holding company focused on the real estate and lifestyle sectors, is pleased to announce its financial results for the full year ended 31 December 2022 (FY2022).
**Financial Highlights**
Total revenue increased by 22.5% to S$19.6 million in FY2022, from S$16.0 million in FY2021.
Net profit attributable to shareholders surged by 118.6% to S$8.4 million in FY2022, from S$3.8 million in FY2021.
Earnings per share increased by 118.6% to 1.44 cents in FY2022, from 0.66 cents in FY2021.
The Board of Directors has recommended a final dividend of 0.30 cents per ordinary share, subject to shareholders' approval at the upcoming Annual General Meeting.
**Business Performance**
The Group's property development segment continued to be the main revenue driver, contributing S$16.2 million or 82.7% of total revenue in FY2022. The segment's revenue grew by 20.6% year-on-year, primarily due to the strong sales performance of the Group's residential development project in Singapore.