Tiger Balm soothes Haw Par's pains in leisure, property
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Singapore
HAW Par Corp's first-quarter net profit rose 10.6 per cent to S$13.5 million as an invigorating Tiger Balm business alleviated weakness in leisure and property, the conglomerate announced on Thursday.
Haw Par's per-share net profit was 6.1 Singapore cents for the three months ended March. The stock closed at S$9.33 on Thursday, up by 0.5 per cent or five Singapore cents, before the results were announced. As in the previous year, no dividend was announced for the quarter.
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