Yeo Hiap Seng narrows net loss to $1.2 mil

Food and drinks manufacturer Yeo Hiap Seng has narrowed its net loss for the six months ended June 30 2021, thanks to higher revenue coupled with more profitable sales mix and cost control.

For 1HFY2021, Yeo’s revenue grew by 4.2% y-o-y to $169.3 million. Net loss dipped from $6.7 million to $1.2 million.