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Yeo Hiap Seng posted 1Q earnings of nearly $139 mil on disposal gain

The Editor
The Editor • 1 min read
Yeo Hiap Seng posted 1Q earnings of nearly $139 mil on disposal gain
SINGAPORE (April 26): F&B and property group Yeo Hiap Seng reported 1Q earnings of nearly $139 million compared to $6.5 million a year ago.
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SINGAPORE (April 26): F&B and property group Yeo Hiap Seng reported 1Q earnings of nearly $139 million compared to $6.5 million a year ago.

This was mainly due to gain on disposal of investment in Super Group of $138.4 million and partially offset by loss on liquidation of a subsidiary of $1.2 million and a reduction in net profit of $3.3 million generated from F&B division.

Revenue fell to $81.9 million from nearly $111 million a year ago.

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