Excluding the impact of these items, the group’s net profit decreased by $3.84 million.
SINGAPORE (Feb 28): Yeo Hiap Seng reported FY16 earnings of $29 million, down 21.4% from FY15 a year ago.
This was mainly due to the absence of a write-back of construction costs and income tax of $2.86 million in the property division and a higher dividend income from available-for-sale financial assets of $1.17 million, both of which were included in FY15.
