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Haw Par posts 4.4% drop in 3Q earnings to $40.5 mil on higher expenses

Stanislaus Jude Chan
Stanislaus Jude Chan11/10/2017 05:46 PM GMT+08  • 1 min read
Haw Par posts 4.4% drop in 3Q earnings to $40.5 mil on higher expenses
SINGAPORE (Nov 10): Haw Par Corporation, the company known for its Tiger Balm ointment, saw its earnings fall 4.4% to $40.5 million for the 3Q ended September, from $42.4 million a year ago, on higher expenses.
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SINGAPORE (Nov 10): Haw Par Corporation, the company known for its Tiger Balm ointment, saw its earnings fall 4.4% to $40.5 million for the 3Q ended September, from $42.4 million a year ago, on higher expenses.

Revenue rose 7.4% to $53.4 million in 3Q17, from $49.7 million a year ago, on the back of stronger healthcare sales.

Distribution and marketing expenses increased by $2.2 million to $13.1 million during the quarter as a result of an increase in marketing activities at its healthcare business.

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