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Yongnam's FY19 net loss widens to S$53.1m

Contributory factors include impairment charge on a trade receivable, operational restructuring costs

Singapore

YONGNAM Holdings on Friday posted a net loss of S$53.1 million for the year ended Dec 31, widening from a net loss of S$51 million a year earlier.

An impairment charge on a trade receivable, operational restructuring costs and loss on disposal of strutting assets...