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Mewah's 4Q earnings more than double to $17.3 mil on other gains and lower income tax expenses

Samantha Chiew
Samantha Chiew • 2 min read
Mewah's 4Q earnings more than double to $17.3 mil on other gains and lower income tax expenses
SINGAPORE (Feb 28): Mewah International, the refiner and distributor of edible oils and fats, reported 4Q17 earnings more than doubled to US$13.1 million ($17.3 million) from US$5.4 million in 4Q16.
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SINGAPORE (Feb 28): Mewah International, the refiner and distributor of edible oils and fats, reported 4Q17 earnings more than doubled to US$13.1 million ($17.3 million) from US$5.4 million in 4Q16.

This brings FY17 earnings to US$33.6 million, 61.7% higher than US$20.8 million in FY16.

Revenue for the quarter was 2.4% lower at US$722.2 million from US$740.0 million last year, due to 3.1% decrease in sales volume.

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