Friday, February 28, 2014

Haw Par

Haw Par: FY13 net profit declined 10% to $107.9m on revenue of $141.2m (+1.3%), with top-line being buoyed by a better performance from the Healthcare division, offset by lower revenue from Leisure division. Bottom-line was further aided by a 12.4% rise in Other income to $59.4m, due largely to a special dividend received on UOB shares, although this was offset by a 58.4% drop in associate contributions to $8.0m, and a 54.6% decrease in fair value gains to $10.7m compared to the corresponding period.

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