Investment gains boost Haw Par Q3 net
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CONGLOMERATE Haw Par Corp posted a 19.2 per cent net profit increase in its fiscal third quarter as solid investment returns more than offset weakness in its property and leisure businesses.
The company earned S$26.6 million, or 12.2 Singapore cents per share, in the three months through September, as profit from investments in companies such as United Overseas Bank rose 28.3 per cent to US$17.6 million.
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