Eu Yan Sang posts Q1 net of $1.43m
Help from higher revenue, lower forex losses
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EU YAN SANG International chalked up a net profit of $1.43 million for the first quarter ended Sept 30, 2013, thanks to higher revenue contributions and lower foreign exchange losses, up from a net profit of $341,000 in the corresponding quarter a year earlier.
Revenue came in 13 per cent higher year-on-year at $79.5 million, bolstered by growth in its Australia and Hong Kong operations. About $60.15 million came from its retail business while its wholesale business earned revenues of $13.99 million and its TCM clinics business contributed $4.46 million.
Earnings per share for the quarter were 0.32 cent, up from 0.08 cent in the corresponding quarter a year earlier.
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