Profit of Tiger Balm maker Haw Par soars 46% YoY to $216.6m in FY23

With higher profit, the company declared a higher basic earnings per share of $0.978.

Haw Par, the maker of Tiger Balm, saw its profit soar by 46% YoY to $216.6m in FY23.

In a bourse filing, the company attributed its higher profit to improved healthcare revenue, which saw a 30.1% YoY jump to $213.5m.

The company’s healthcare revenue was “fueled by sales recovery in Asian markets and increased operating profits.

The higher healthcare revenue helped boost the group’s revenue by 27.4% YoY to $232.1m.

With higher profit, the company declared basic earnings per share of $0.978, higher than the $0.670 recorded in FY22.

Follow the link for more news on

Financial Statements

Also Read

Secondhand furniture gains traction as Singaporeans embrace circular economy practices

Agilent partners with NUS to advance cardiovascular research in Singapore

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

SBR 5 Lorem Ipsum News 2 [8 May]

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

4 days ago

SBR 4 Lorem Ipsum [8 May Top Stories]

4 days ago

Vibrant Group wins suit against Blackgold Australia

The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.

Lorem Ipsum text in year 2025

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Agribusiness