According to the Zhitong Finance App, REPUBLIC HC (08357) released its first quarter results for the three months ending March 31, 2023, with revenue of 2,894,700 Singapore dollars, an increase of 40.8% over the previous year; company owners should account for a loss of S$104,700, a year-on-year decrease of 84.13%.

According to the announcement, the increase in earnings was mainly due to the lifting of COVID-19 restrictions, the gradual return of the economy to normal levels before the pandemic, and the sale of pepper in March 2023.