Earnings of Tiger Balm maker Haw Par Corporation dropped 19.1% to $91.0 million in 1H2020 ended June, from $112.5 million a year ago, due to the lockdowns and travel restrictions imposed globally to curb the transmission of coronavirus.

This translated to lower earnings per share of 41.1 cents on a fully diluted basis in 1H2020, compared to 50.9 cents in 1H2019.

Revenue for the six month period plunged 43.6% to $80.9 million, following the uncertain economic outlook and the sudden standstill faced by the tourism sector in some markets. 

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