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Hong Leong Asia posts 37.2% decline in 2HFY2022 earnings to $12.1 mil

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Hong Leong Asia posts 37.2% decline in 2HFY2022 earnings to $12.1 mil
The decline in revenue was mainly due to lower contribution by its diesel engines unit Yuchai. Photo: Bloomberg
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Hong Leong Asia (SGX:H22) has reported earnings of $12.1 million for its 2HFY2022, down 37.2% from the $19.28 million recorded in the previous corresponding period.

Earnings for FY2022 was down 9.3% y-o-y to $54.5 million.

Revenue for 2HFY2022 declined 14.8% y-o-y to $1.78 billion, mainly due to lower revenue recorded by its diesel engines unit Yuchai, partially offset by higher revenue by its buildings materials unit (BMU).

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