Haw Par H2 earnings up almost 100% to S$57.1m; board proposes S$0.15 a share dividend
Gains came from higher consumer spending, higher dividends from strategic investments such as shares in UOB and UOL
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Singapore
MAINBOARD-LISTED Haw Par Corporation saw its earnings for the second half of FY 2021 benefit from higher consumer spending and higher dividends from strategic investments, thereby almost doubling to S$57.1 million.
For the 6 months to December 2021, the manufacturer of the Tiger Balm line of products delivered a 98.4 per cent year-on-year jump in net profit from S$28.8 million.
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