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Haw Par 2Q earnings rise 7.3% to $51.9 mil

Stanislaus Jude Chan
Stanislaus Jude Chan8/11/2017 07:57 PM GMT+08  • 2 min read
Haw Par 2Q earnings rise 7.3% to $51.9 mil
SINGAPORE (Aug 11): Haw Par Corporation announces a net profit of $51.9 million for the 2Q ended June, up 7.3% from net profit of $48.4 million a year ago.
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SINGAPORE (Aug 11): Haw Par Corporation announces a net profit of $51.9 million for the 2Q ended June, up 7.3% from net profit of $48.4 million a year ago.

Revenue grew 15.0% to $60.5 million in 2Q17, from $52.6 million a year ago.

This was mainly due to higher sales from its healthcare business as demand for Tiger Balm products grew following the expansion in distribution network and increase in marketing activities.

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