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

Michelle Zhu
Michelle Zhu • 2 min read
Yeo Hiap Seng 1Q earnings fall to $1.4 mil on absence of Super Group disposal gain
SINGAPORE (Apr 27): Drink manufacturer Yeo Hiap Seng saw its 1Q18 earnings decline to $1.4 million from $140 million a year ago.
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SINGAPORE (Apr 27): Drink manufacturer Yeo Hiap Seng saw its 1Q18 earnings decline to $1.4 million from $140 million a year ago.

The lower earnings compared to that of 1Q17 was largely due to a one-off $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 $91.8 million from restated 1Q17 revenue of $81.9 million, mainly due to higher sales booked over Chinese New Year during the period.

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