yeo hiap seng

Ng family scion Daryl Ng to step down as Yeo’s chairman, banking veteran Na Wu Beng to succeed him

He is credited with reinvigorating the brand, reinforcing its Asian drinks segment leadership; his cousin, Edward Ng, is to assume deputy chairman role

YHS plans to focus on higher-margin products and improve operational efficiency.

Yeo Hiap Seng’s H2 profit up 9% on Oatly compensation, higher sales

Its board proposed a final dividend of S$0.02 per share, unchanged from the previous corresponding period

Yeo Hiap Seng says that the affected employees were "specifically hired" to support Oatly’s production at its  Senoko plant.

Yeo Hiap Seng lays off 25 employees as Oatly shuts its Singapore plant

The affected workers will receive severance packages based on their salary and years of service

The closure is expected to improve Oatly’s future cost structure and reduce its capital expenditure needs going forward.

Oatly to shut S$30 million plant jointly invested with Yeo Hiap Seng

The move is a result of Swedish company’s ongoing evaluation of its supply chain network in Asia

Yeo Hiap Seng says acquiring Vitasoy shares is in line with its strategy of “investing in industry-leading companies in Asia”.

Yeo Hiap Seng bumps up Vitasoy stake to 4% with HK$133.8 million share purchase

The move is to raise its exposure to the plant-based beverage industry in mainland China and Hong Kong

Revenue from Yeo Hiap Seng's core F&B business drops 4.1 per cent year on year to S$152 million due to foreign currency translation.

Yeo Hiap Seng posts lower net profit of S$3.2 million for H1

The group says consumer sentiments remain cautious in its key markets due to economic uncertainties

Gross profit margin for the half-year rose 3.4 percentage points on the year to 32.4 per cent on the group’s cost optimisation efforts, Yeo Hiap Seng said.

Yeo Hiap Seng H2 profit jumps 183% to S$3.4 million on cost optimisation

FOOD and beverage player Yeo Hiap Seng on Thursday (Feb 29) posted a 183 per cent rise in its net profit for the second half of 2023 to S$3.4 million, from S$1.2 million in the year-ago period. 

Yeo Hiap Seng CEO Ong Yuh Hwang with some of his company's products. The company saw a dip in H1 revenue to S$181.1 million, down 0.1 per cent from S$181.2 million a year ago.

Yeo Hiap Seng posts H1 net profit of S$3.3 million

FOOD and beverage player Yeo Hiap Seng reported a net profit of S$3.3 million for the half year ended Jun 30, 2023, more than two times the earnings of S$1.2 million in the year-ago period. 

The board has proposed a final dividend of two Singapore cents per share, unchanged from the previous year.

Yeo Hiap Seng reverses H2 loss, posts S$1.2 million profit

FOOD and beverage player Yeo Hiap Seng posted a net profit of S$1.2 million for the six months ended Dec 31, 2022, reversing a S$1.7 million net loss in the year-ago period.

Yeo Hiap Seng's CEO Samuel Koh has resigned and will take on the role of consultant for the company from Jan 1 to Jun 3, 2023.

Yeo Hiap Seng CEO Samuel Koh resigns to ‘pursue other interests’

FOOD and beverage company Yeo Hiap Seng’s group chief executive officer (CEO) Samuel Koh has resigned and will hand over the helm to current chief operating officer Ong Yuh Hwang from Jan 1, 2023.