Overall, the F&B division recorded $0.5 million higher segment profit due to higher other gains, which came largely on the back of improvement in currency translation.
SINGAPORE (Feb 27): Yeo Hiap Seng has announced earnings of $1.8 million for the 4Q ended Dec 2018, up 20% from 4Q17 earnings of $1.5 million due to better margins as well as lower fair value losses on equity investments.
The bottomline improvement came despite a 6.1% y-o-y revenue decline to $79.2 million compared to $84 million a year ago due to lower sales in Malaysia, which nonetheless registered an improved gross margin for the quarter.
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