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Haw Par roars to 10.2% rise in 2Q earnings to $90.5 mil on continued demand for Tiger Balm

Stanislaus Jude Chan
Stanislaus Jude Chan8/7/2019 05:41 PM GMT+08  • 2 min read
Haw Par roars to 10.2% rise in 2Q earnings to $90.5 mil on continued demand for Tiger Balm
SINGAPORE (Aug 7): Haw Par Corporation saw its earnings grow 10.2% to $90.5 million for the 2Q19 ended June, from $82.1 million a year ago, on the back of higher operating profit and dividend income.
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SINGAPORE (Aug 7): Haw Par Corporation saw its earnings grow 10.2% to $90.5 million for the 2Q19 ended June, from $82.1 million a year ago, on the back of higher operating profit and dividend income.

This translated to higher earnings per share of 40.9 cents for 2Q19, compared to EPS of 37.2 cents in 2Q18.

2Q19 revenue climbed 9.3% to $70.1 million, due mainly to continued demand for its healthcare products under the Tiger Balm brand.

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