Haw Par H1 2024 Profit up 17.1%, but Cost Pressures Weigh on Margins
Haw Par H1 2024 Profit up 17.1%, but Cost Pressures Weigh on Margins
The company, however, said the 11/4% YoY increase in the cost of sales amid higher overheads and labour costs affected revenue growth, also affecting its gross margin, which dipped to 54.6%.Its gross margin dipped to 54.6%
其毛利率下降至54.6%。
Tiger balm maker Haw Par reported a 17.1% YoY higher net profit of $122m in H1 2024, aligned with the increase in its revenue.
虎豹企业制造虎标万金油报告，2024上半年净利润同比增长17.1%，达到1.22亿美元，与其营业收入的增长趋势一致。
In H1, the company's revenue rose 6.3% YoY to $118.1m, driven by robust demand for its healthcare products.
在上半年，该公司的营业收入同比增长6.3%，达到1.181亿美元，保健产品需求旺盛带动了这一增长。
The company, however, said the 11/4% YoY increase in the cost of sales amid higher overheads and labour costs affected revenue growth, also affecting its gross margin, which dipped to 54.6%.
然而，成本销售额同比增长11.4%，加上开销和劳动力成本增加影响了收入增长，并导致其毛利率下降至54.6%。
With improved profit, the company reported higher basic earnings per share attributable to its equity holders of $0.551.
利润改善，公司报告归属于股东的基本每股收益为0.551美元。