Yeo Hiap Seng F&B business flat in Q3

Singapore

A LACK of contributions from the property division and the absence of a fair value gain from the disposal of available-for-sale financial assets caused food and beverage counter Yeo Hiap Seng to report a net profit of S$3.15 million for the three months ended Sept 30.

This was 86 per cent lower than the S$22.3 million reported a year ago. Revenue dipped 11 per cent from S$129.3 million to S$114.7 million.