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Hot stock: Hafary up 7.5% after doubling H1 profit

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Sharanya Pillai

Sharanya Pillai

Published Thu, Aug 11, 2022 · 10:22 AM
    • The Hafary Gallery, located in Eunos, showcases over 4,000 surfacing materials and bathroom wares and fittings sourced from around the world.
    • The Hafary Gallery, located in Eunos, showcases over 4,000 surfacing materials and bathroom wares and fittings sourced from around the world. PHOTO: HAFARY

    TILE specialist Hafary Holdings saw its shares rise 7.5 per cent on Thursday (Aug 11) morning, after it reported a doubling in its profit for H1 ended June to S$10.4 million.

    The stock gained S$0.015 to hit the S$0.215 mark in pre-open trading, ShareInvestor data shows. It remained at that price as at 9.51 am, with 158,100 shares changing hands. No married deals were recorded.

    Hafary benefited from the bustling resale flat market in its latest earnings. In its general segment – where customers include homeowners, architecture, interior design and renovation firms – revenue rose 22.3 per cent to S$46.6 million.

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