Haw Par Corp reports lower Q2 earnings of $52.6 million
Haw Par Corporation's second quarter net earnings fell by 8.7 per cent to $52.6 million.
This was despite revenue rising 9.6 per cent to $40 million for the three months to June 30.
Profits from operations increased by 18 per cent to $54.8 million, mainly due to higher turnover at healthcare division and higher dividend income from investments.
However, net profits fell due to the non-inclusion of the contribution from a HongKong associate who only publishes six monthly results with a later reporting timeline.