Yeo Hiap Seng expected to return to black for H1 2022
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Paige Lim
BEVERAGE company Yeo Hiap Seng is expecting to report a net profit for the half year ended Jun 30, 2022, as compared with a net loss posted in the same period the year before, the board said in a profit guidance on Friday (Aug 5).
The expected net profit for H1 2022 is mainly attributed to the performance improvement in Malaysia and Cambodia, it said in the bourse filing.
The group previously posted a net loss of S$1.2 million for the half year ended June 30, 2021, narrowing from the S$6.7 million loss reported in the first half of 2020.
Its financial results for H1 2022 will be announced by Aug 12, 2022.
Shares of Yeo Hiap Seng closed S$0.80 on Friday, up S$0.01 or 1.3 per cent, before the announcement.
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