Hafary Holdings 5VS has reported earnings of $23.3 million for 2HFY2023 ended Dec 31, 2023, up 22.7% over 2HFY2022.
Revenue for the same period was up 24.6% y-o-y to $121.6 million.
This brings full-year FY2023 earnings to $39.0 million, up 33.0% y-o-y, on the back of a 34.1% increase in revenue to $226.4 million.
Net cash flows from operating activities for FY2023 of $49.5 million was mainly attributable by operating cash flows before working capital changes of $59.7 million, net cash flows used in working capital of $3.2 million and income tax paid of $7.0 million.
As at Dec 31, 2023, cash and cash equivalents stood at $17.9 million.
See also: Kimly reports higher FY2024 revenue but earnings down on higher depreciation and other costs
For 2HFY2023, Hafary 5VS plans to pay a dividend of 1.5 cents per share, including half of that as a special dividend. This brings payout for FY2023 to 2.75 cents.
In the previous FY2022, the company paid a total of 2.25 cents.
Hafary shares closed 0.5 cents lower or 1.61% down at 30.5 cents on Feb 7.
