Home Capital Results

Yeo Hiap Seng posts 25.6% lower 4Q earnings of $10.3 mil on revenue decline

Michelle Zhu
Michelle Zhu2/23/2018 06:26 PM GMT+08  • 2 min read
Yeo Hiap Seng posts 25.6% lower 4Q earnings of $10.3 mil on revenue decline
SINGAPORE (Feb 23): Yeo Hiap Seng saw its earnings fall 25.6% to $7.7 million in 4Q17 from $10.3 million in 4Q16 on lower revenue.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Feb 23): Yeo Hiap Seng saw its earnings fall 25.6% to $7.7 million in 4Q17 from $10.3 million in 4Q16 on lower revenue.

The latest set of results brings the group’s earnings for FY17 to $153.7 million, surging more than fivefold from its FY16 earnings of $29 million due to one-off gains on disposal of investment in Super Group, among other subsidiaries.

Revenue for 4Q17 fell 8.2% to $84 million from $91.5 million in 4Q16 due to lower contributions from the food and beverage (F&B) division, which the group attributes to general market weakness, competitive pricing, and sales disruption in Cambodia resulting from Yeo Hiap Seng’s transition to new distributors.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now