Notably, total expenses fell 42.6% to $4.7 million because of the company’s restructuring of its Yellow Pages business announced on Aug 1 2017, which in turn led to lower staff costs as well as printing & material costs.
SINGAPORE (Feb 9): Global Yellow Pages (GYP), the real estate developer and digital search company formerly known as Yellow Pages Singapore, has reported 2Q18 earnings of $2.3 million, down by nearly half from $4.2 million a year ago on lower revenue.
Group revenue from continuing operations fell 40.3% to $6.4 million from $10.7 million in 2Q18, due mainly to reduced revenue contribution arising from the restructuring of GYP’s Search business and lower revenues by Supatreats Asia Pte Ltd (SAPL) Group.
