Yeo Hiap Seng posts 49% drop in 2Q earnings to $4.4 mil; declares special dividend of 1 cent per share

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Yeo Hiap Seng posts 49% drop in 2Q earnings to $4.4 mil; declares special dividend of 1 cent per share

Yeo Hiap Seng saw its earnings halved to $4.4 million for the 2Q19 ended June, from $8.8 million a year ago. Earnings per share (EPS) fell to 0.76 cent in 2Q19, compared to 1.51 cents in 2Q18.

The decline was largely due to lower other gains from financial assets, foreign currency translation and disposal of property, plant and equipment. Other gains fell to $1.6 million in 2Q19, from $8.8 million a year ago.

2Q19 revenue rose 1.8% to $93.8 million, from $92.1 million a year ago, on the back of higher sales in Singapore, Cambodia, Europe and China.

http://www.theedgesingapore.com/capital/results/yeo-hiap-seng-posts-49-drop-2q-earnings-44-mil-declares-special-dividend-1-cent?utm_source=Singapore+Market+Report&utm_campaign=64bc088d83-EMAIL_CAMPAIGN_2019_08_05_01_47&utm_medium=email&utm_term=0_46b7beec93-64bc088d83-91809733&mc_cid=64bc088d83&mc_eid=0a369d4af0

 

 

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