Accordingly, this contributed to higher gain on disposal of property, plant and equipment in other gains of $13.7 million compared to a loss of $2.4 million a year ago, alongside higher fair value gains on financial assets.
SINGAPORE (Apr 26): Yeo Hiap Seng reported 1Q earnings surged more than sevenfold to $10.2 million from $1.4 million a year ago on one-off gains.
This follows the disposal of a US property after the F&B manufacturer conducted a rationalisation exercise of its property portfolio by to reduce its operating costs base.
