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Haw Par posts 31.8% decline in FY16 earnings to $125 mil on absence of one-off gains

Michelle Zhu
Michelle Zhu2/23/2017 05:41 PM GMT+08  • 2 min read
Haw Par posts 31.8% decline in FY16 earnings to $125 mil on absence of one-off gains
SINGAPORE (Feb 23): Haw Par Corporation reported FY16 earnings of $125 million, a 31.8% decline from the previous year’s earnings of $183.3 million due to one-off equity accounting gains from an associate in the previous year.
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SINGAPORE (Feb 23): Haw Par Corporation reported FY16 earnings of $125 million, a 31.8% decline from the previous year’s earnings of $183.3 million due to one-off equity accounting gains from an associate in the previous year.

Group revenue increased 12.8% to $201.6 million from $178.8 million in FY15 on better performance in Haw Par’s healthcare and property segments.

Specifically, healthcare recorded a 15.6% increase in revenue to $176.4 million after registering higher sales for in key markets, in addition to reduced operating expenditure.

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