The higher sales of goods were boosted from the recovering global economies following the pandemic, which saw an improvement in consumer spending in the group’s healthcare products,
Haw Par Corporation (SGX:H02
) , the company behind the Tiger Balm branded liniment, announced that its FY2022 ended Dec 31, 2022, has increased by 34.7% y-o-y to $148.3 million from $110.1 million a year ago.
This came on the back of a 29.0% growth in revenue to $182.1 million from $141.2 million last year, this was boosted by higher contribution from the group’s sales of goods and rendering of services segments, but partially offset by weaker rental income.
