SINGAPORE (May 8): Haw Par Corporation, the homegrown multinational group, reported a 14.1% rise in 1Q19 earnings to S$22.1 million, compared with S$19.3 million in 1Q18.
This came on the back of a 22.3% increase in revenue to S$73.4 million, from S$60.0 million last year, due mainly to higher demand for Healthcare products.
Cost of sales rose 36.4% to S$29.8 million, bringing 1Q19 gross profit to S$43.6 million, 14.2% higher than S$38.2 million a year ago.
Distributing and marketing expenses were 24.3% higher...(click on link for full story on theedgesingapore.com)