Eu Yan Sang's Q3 earnings up 4%, revenue up 9%
EU YAN SANG's net profit for the third quarter ended March rose 4 per cent to $8.79 million from $8.44 million a year ago while revenue rose 9 per cent to $110.28 million from $101.18 million a year ago.
Specifically, retail revenue increased 8 per cent from $83.51 million to $90.41 million. This was contributed by most markets, also due to the increase in company-operated outlets in countries such as Hong Kong and Australia.
Wholesale revenue also rose 20 per cent to $14.79 million, largely attributed to better offtake in trade, which resulted in higher distribution sales to the wholesale distribution channels in Hong Kong and Macau.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Foxconn’s musical chairs sound like punk rock
AI fuels cloud computing boom for tech giants
AMD slides after AI chip forecast misses lofty estimates
IBM wins reversal of US$1.6 billion poaching award to BMC
Binance founder Zhao Changpeng gets 4 months in prison
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst