Haw Par, the manufacturer of Tiger Balm, expects a 14.2% increase in net profit in the second half of 2025 | Lianhe Zaobao
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Haw Par Corporation released its performance for the second half of the fiscal year 2025, with net profit increasing by 14.2% to 121.3 million yuan, and annual net profit rising by 16.3% to 265.5 million yuan year-on-year. The increase in net profit is mainly attributed to a significant rise in dividend income, which soared by 27% year-on-year to 189 million yuan. However, revenue from core businesses such as healthcare, leisure, and real estate declined by 6.1% year-on-year, with healthcare revenue dropping by 6.9%. Despite the decline in core business revenue, other income grew by a total of 17.3%
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