In line with the higher revenue, gross profit grew 18.2% to $27.8 million from $23.5 million previously.
SINGAPORE (Nov 10): Hanwell Holdings has announced 3Q17 earnings of $3.9 million, representing a 4.2% decline from its earnings of $4.1 million in the same period a year ago on higher expenses.
Revenue for the quarter grew 21.2% to $119.9 million from $98.9 million a year ago on stronger demand in the Packaging Business, which was partially offset by lower revenue from the Consumer Business segment due to the closure of all franchise outlets.
