Yeo Hiap Seng 1Q earnings fall to S$1.4 mil on absence of Super Group disposal gain

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SINGAPORE (April 27): Drink manufacturer Yeo Hiap Seng saw its 1Q18 earnings decline to S$1.4 million, from S$140 million a year ago.

The lower earnings compared to that of 1Q17 was largely due to a one-off S$138.35 million gain-on-disposal of investment in Super Group, which was recorded in the corresponding quarter last year.

Group revenue for the latest quarter grew 12.1% to S$91.8 million from restated 1Q17 revenue of S$81.9 million, mainly due to higher sales booked over...(click on link for full story on theedgesingapore.com)