SINGAPORE: Haw Par Corp Ltd, best known for its Tiger Balm ointments, reported a 42.8% drop in 2002 net profit yesterday, but forecast a better year ahead and said it would take its healthcare unit private.
The pharmaceutical and leisure group said its profit tumbled after a S$30.5mil write-down on its investment in Camerlin BVI, the holding company of Malaysian businessman Quek Leng Chan's listed Camerlin Group.
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