yeo hiap seng

25 affected staff were informed of the layoffs in a closed-door briefing; Singapore remains the group’s headquarters

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

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

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

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

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

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

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. 

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.