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Hanwell reports lower earnings from higher costs; eyes M&As and partnerships to drive growth

The Edge Singapore
The Edge Singapore2/24/2022 12:27 AM GMT+08  • 2 min read
Hanwell reports lower earnings from higher costs; eyes M&As and partnerships to drive growth
Hanwell plans to pay a final dividend of 0.5 cent per share, which will bring total FY2021 payout to 0.75 cent per share.
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Hanwell Holdings, a manufacturer and distributor of consumer staples, has reported revenue of $275.4 million for 2HFY2021 ended Dec 31 2021, up 7.8% y-o-y.

However, earnings for the same period was down 13.7% y-o-y to $10.6 million because of higher costs and also absence of government grants all Singapore companies gained in the preceding year.

For the whole of FY2021, earnings dropped by 12% to $23.1 million; while revenue was up 13.1% to $533.3 million.

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