Better margin, currency gains lift YHS Q3 profit
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Singapore
YEO Hiap Seng's third-quarter net profit trebled even as revenue dipped, helped by currency gains and better gross margin.
The drinks maker, which announced its results on Tuesday after the market closed, posted net profit for the three months ended September of S$9.4 million, or 1.64 Singapore cents per share, against S$3.1 million a year ago. For the first nine months of the year, cumulative net profit rose 44 per cent to S$22.6 million, or 3.93 Singapore cents per share.
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