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Haw Par Corporation reports earnings of $228.3 mil for FY2024, up 5.4% y-o-y from higher sales in healthcare

Nicole Lim
Nicole Lim • 2 min read
Haw Par Corporation reports earnings of $228.3 mil for FY2024, up 5.4% y-o-y from higher sales in healthcare
However, the group said that it saw higher operating costs for the year due to cost of sales increasing, which resulted in gross profit margin dropping. Photo: Haw Par Corporation
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Haw Par Corporation has reported earnings of $228.3 million for the FY2024 ended Dec 31, 2024, 5.4% higher y-o-y. However, for the 2HFY2024, the group has reported a 5.5% y-o-y lower earnings of $106.3 million, down from the $112.4 million reported in the same period a year ago. 

The group, which is in healthcare, leisure, property and investments, reported earnings per share of 103.1 cents for the FY2024.

Revenue for the FY2024 came in 5.5% y-o-y higher at $244.8 million, up from the $232.1 million declared in the same period a year ago. Revenue for the 2HFY2024 came in at $126.7 million, up 4.8% y-o-y from the $120.9 million in the FY2023. 

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