Haw Par Corporation H1 net profit up 18.2% at S$144.1 million

Business Times

6 days ago

[SINGAPORE] Haw Par Corporation posted an 18.2 per cent rise in net profit to S$144.1 million for its first half ended Jun 30, 2025, from S$122 million in the previous corresponding period.
Revenue for H1 rose 7 per cent to S$126.3 million, from S$118.1 million a year earlier, as demand for healthcare products remained resilient, the Tiger Balm ointment maker said in a bourse filing on Tuesday (Aug 12).
Other income rose 20.3 per cent to S$116.8 million in H1 2025, due mainly to higher dividend rate from strategic and long-term investments, it said.
Earnings per share stood at 65.1 Singapore cents for the half-year period, up from 55.1 cents a year earlier.
An interim dividend of 20 Singapore cents per share was declared for the half year, unchanged from the year before. The dividend will be paid on Sep 11, after books closure on Aug 21.
Looking ahead, the company expects weaker consumer spending to affect the performance of its operating businesses.
'Prolonged uncertainty surrounding trade policies and tariffs may further weigh on the slowing global economy,' it said.
Shares of Haw Par closed S$0.19 or 1.3 per cent lower at S$14.13 on Tuesday, before the results were released.