Hafary Holdings Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, revenue was SGD 30.833 million compared to SGD 29.818 million a year ago. Profit before tax was SGD 3.775 million compared to SGD 2.995 million a year ago. Profit net after tax attributable to owners of the parent was SGD 3.229 million or 0.75 cents per basic and fully diluted share compared to SGD 2.656 million or 0.62 cents per basic and fully diluted share a year ago. Net cash flows from operating activities were SGD 1.801 million compared to SGD 4.867 million a year ago. Purchase of property, plant and equipment was SGD 0.472 million compared to SGD 0.518 million a year ago.

For the six months, revenue was SGD 56.216 million compared to SGD 55.091 million a year ago. Profit before tax was SGD 4.468 million compared to SGD 3.505 million a year ago. Profit net after tax attributable to owners of the parent was SGD 3.932 million or 0.91 cents per fully diluted share compared to SGD 3.111 million or 0.72 cents per basic and fully diluted share a year ago. Net cash flows from operating activities were SGD 5.92 million compared to SGD 3.701 million a year ago. Purchase of property, plant and equipment was SGD 1.78 million compared to SGD 0.916 million a year ago.

For the quarter, the company also reported impairment losses of SGD 328,000 compared to SGD 507,000 reported in the same period last year.