Distribution and marketing expenses increased by $2.2 million to $13.1 million during the quarter as a result of an increase in marketing activities at its healthcare business.
SINGAPORE (Nov 10): Haw Par Corporation, the company known for its Tiger Balm ointment, saw its earnings fall 4.4% to $40.5 million for the 3Q ended September, from $42.4 million a year ago, on higher expenses.
Revenue rose 7.4% to $53.4 million in 3Q17, from $49.7 million a year ago, on the back of stronger healthcare sales.
