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