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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