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Hanwell posts 7.8% increase in FY17 earnings to $11.1 mil on higher revenue

Samantha Chiew
Samantha Chiew2/23/2018 06:25 PM GMT+08  • 2 min read
Hanwell posts 7.8% increase in FY17 earnings to $11.1 mil on higher revenue
SINGAPORE (Feb 23): Hanwell Holdings reported FY17 earnings increased by 7.8% to $11.1 million compared to $10.3 million in FY16.
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SINGAPORE (Feb 23): Hanwell Holdings reported FY17 earnings increased by 7.8% to $11.1 million compared to $10.3 million in FY16.

Revenue for the full year ended Dec 2017 was 16% higher at $464.0 million, compared to $400.0 million in the previous year, mainly attributed to stronger demand in the group’s packaging business segment from 63.9%-owned Tat Seng Packaging but was partially offset by closure of all franchise outlets from its consumer business segment in Singapore.


See: Tat Seng Packaging posts 40.2% increase in FY17 earnings to $20.3 mil

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