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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

Tay Peck Gek

Published Sat, Feb 26, 2022 · 05:50 AM

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.