Page 32 - ar2013

30 HAW PAR CORPORATION LIMITED
FINANCIAL review
Overview
Group revenue at $141.2 million
was 1.3% higher than 2012, with
Healthcare division reporting a 12.5%
growth in revenue. Profts from both
Healthcare and Property divisions
grew 50.8% and 3.6% respectively.
Group earnings decreased by 10.0%
to $107.9 million mainly due to
lower fair value gains on investment
properties.The decline in earnings was
also partly due to exceptional one-
off gains by associated companies in
2012. Excluding the valuation gains
and the one-off gains by associated
companies last year, it would have been
14.1% higher than 2012, attributable
to higher profts from operations and
higher investment income received
during the fnancial year.
With net lower earnings registered for
the year, earnings per share decreased
to 49.4 cents (2012*: 55.1 cents). Net
tangible assets per share increased to
$11.13 (2012: $10.28) due to higher
market valuations of available-for-sale
fnancial assets.
SEGMENT PROFITS BEFORE INTEREST EXPENSE AND TAX
($ MILLION)
60.0
50.0
40.0
30.0
20.0
10.0
0
Healthcare Leisure Property Investments
17.2
11.9 12.9
48.8
2013 2012
25.9
3.8
13.4
57.3
* Comparatives have been restated to refect adjustments for the bonus issue of 1 bonus share for every 10 existing shares.
HawPar_AR2013_FA 260314.indd 30 3/26/14