SINGAPORE (Nov 29): No Signboard Holdings reversed into a full-year loss of $2.3 million from earnings of $7.7 million a year ago due an underperforming beer business subsidiary -- Danish Breweries.

As a result, the group recorded an impairment of goodwill and intangible assets of $4.3 million. There was also an IPO expense of $1.1 million.

Impacted by the beer business, total raw materials and consumables used and changes in inventories increased to $9.0 million in FY18. Employee benefits expense also increased 53.3% to $8.5 million. Other operating expenses and finance costs also increased to $3.8 million and $0.7 million respectively.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook