Healthcare division lifts Haw Par Corp's turnover but bottomline falls 10%
Haw Par Corp has posted a 10 per cent drop in full-year net profit to $107.9 million.
Revenue for the 12 months ended Dec 31 edged up 1.3 per cent to $141.2 million, fuelled by the higher contribution from its healthcare division and higher dividend income.
Profit from its health-care division jumped 50.8 per cent, while that of its property business grew by 3.6 per cent. Its leisure business segment, however, saw profit fall by 68.2 per cent to $3.8 million.
The company's investment income rose 14 per cent to $56.7 million, largely due to a special dividend it received on UOB shares.