Slower sales in Malaysia, HK hit Eu Yan Sang

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.