Stella International Holdings Limited reported unaudited consolidated revenue results for the fourth quarter and year ended 31 December 2022. For the quarter, the Group's consolidated revenue decreased by approximately 15.4% to USD 343.3 million (2021: USD 405.8 million) due to a high base effect with the Group 's manufacturing business running at full utilisation rate during the same period of last year despite the high level of COVID infections in southern Vietnam.
For the twelve months, the Group's consolidated revenue increased by approximately 5.9% to USD 1,631.0 million (2021: USD 1,540.6 million).