Slower sales in Malaysia, HK hit Eu Yan Sang
Group posts S$3.6m loss for fourth quarter; full-year profit also sharply lower at S$15.03m
Singapore
SLOWER sales and lower gross margins have sent Eu Yan Sang International into the red for its fiscal fourth quarter (Q4 FY2015), with a net loss of S$3.6 million for the three months ended June 30, compared with a net profit of S$1.61 million a year ago.
The results of the integrative health and wellness company would have been worse if not for a S$4.03 million rise in fair value gain on investment properties, which more than offset a foreign exchange loss of S$1.16 million.
For the full year, net profit was S$4.56 million, sharply lower than the S$15.03 million achieved a year ago. Loss per share for the quarter was 0.8 Singapore cent, down from the earnings per share of 0.36 cent a year ago. For FY2015, earnings per share were 1.02 cents, down from FY2014'…
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