Haw Par reports 59% jump in Q1 earnings

HAW PAR Corporation yesterday posted a 59 per cent increase in its first-quarter net profit to $12.2 million, due to higher operating income and gain from dilution of an associated company.

The group's revenue at $38.4 million was 16 per cent higher than the $33.1 million earned last year.

Earnings per share for the three months ended March 31 were 5.6 cents, compared to the 3.5 cents earned last year.