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.
General and administrative expenses surged 85.7% to $4.3 million, mainly due to the weaker US dollar during the quarter.
As at end September, cash and cash equivalents stood at $350.0 million.
Looking ahead, Haw Par Corp says its healthcare division will continue with its advertising and promotional efforts, including launching new products in various key markets to support its growth.
Shares of Haw Par closed 8 cents lower at $12.22 on Friday.
Scroll to continue
