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Hai Leck posts 194% surge in FY2021 earnings to $12.1 mil; declares 6 cents dividend

Samantha Chiew
Samantha Chiew • 2 min read
Hai Leck posts 194% surge in FY2021 earnings to $12.1 mil; declares 6 cents dividend
Hai Leck posts surge in FY2021 earnings to $12.1 mil; declares 6 cents dividend.
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Hai Leck Holdings announced that its earnings for FY2021 ended June has surged by some 194% to $12.1 million, compared to just $4.1 million in FY2020, mainly due to higher other income and lower overall expenses.

Revenue was however 7.2% lower at $88.5 million, compared to $95.4 million a year ago, due to lower project and maintenance services revenue.

As cost of sales were 14.4% lower y-o-y at $46.9 million, gross profit for FY2021 came in 2.7 % higher y-o-y at $41.6 million.

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