YHS posts 45.8% fall in Q3 profit, sees F&B margins coming under pressure

Singapore

YEO Hiap Seng (YHS) warned that food & beverage (F&B) margins would come under pressure in the next one year as the drink manufacturer reported that net profit for Q3 FY16 fell year-on-year from S$9.42 million to S$5.11 million.

The decline in the bottom line was mainly due to lower profits from the F&B division, it said.