Earnings increased 2.6percent to $243m because of high health care arm earnings at H1 2019.
Multi-industry company Haw Par’s net gain plummeted up 1.8percent to $182m at 2019 from $179m the preceding calendar year, based on a SGX filing.
Revenue increased 2.6percent to $243m from $237m in 2018, anchored by greater sales in its own healthcare arm from the first half of 2019. But, gross profit margin fell from 61.3percent to 57.2percent as earnings prices jumped 13.5percent to $104.5m in H2 2019.
Healthcare earnings went up 3.3percent to $224m because of increase in many markets throughout H1 2019, partly offset by reduced demand in certain markets in H2, when earnings declined 3.2percent to $74.8m.
Haw Par’s leisure and property section posted a 4.3percent reduction in earnings to $20m mostly because of lower prices, partly counteracted by increase in earnings in Underwater World Pattaya because of higher visitorship. Profits fell 12.2percent to $10.8m, affected by lower lease income.