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Haw Par nearly doubles 2HFY2021 earnings to $57.1 mil

The Edge Singapore
The Edge Singapore2/25/2022 05:59 PM GMT+08  • 1 min read
Haw Par nearly doubles 2HFY2021 earnings to $57.1 mil
The company will pay a total FY2021 dividend of 30 cents per share
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Haw Par Corp has nearly doubled earnings for 2HFY201 to $57.1 million over 2HFY2020. Revenue in the same period was up 149.8% to $75.3 million.

The company generated better earnings from sale of its own products, while it also enjoyed higher dividend income from its investments – which consists mainly from its stakes in United Overseas Bank and UOL Group.

For the full year FY2021, earnings dropped 8.1% to $110.1 million, on the back of a 27.2% increase in revenue to $147.2 million, driven by higher sales of its products amid the pandemic.

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