Companies Markets

Yeo Hiap Seng tightens H2 loss to S$ 1.7 m, recommends level last reward of S$ 0.02

drink manufacturer Yeo Hiap Seng (YHS) on Friday (Feb 25) published red ink to the song of S$ 1.7 million for the 2nd fifty percent of FY2021 finished December, tightening from losses of S$ 3.3 million in the equivalent year-ago duration.

On a per-share basis, this concerned a loss of S$ 0.0029, versus a loss of S$ 0.0057 in H2 FY2020.

This brought the team’s losses for FY2021 to S$ 2.9 million, below a loss of S$ 10 million in FY2020. Throughout the year, a variety of YHS’s markets – consisting of Malaysia, landmass China, Indonesia as well as Europe – kipped down “double-digit boost” to their incomes.

For H2, the team is suggesting a last money or scrip reward of S$ 0.02 per common share, the same from the year-ago duration. Guide closure as well as payable days will certainly be revealed eventually, claimed YHS.

Earnings for H2 was up 5.8 percent year-on-year to S$ 168.6 million from S$ 159.4 million. Core food as well as drink (F&B) earnings was up 7.4 percent to S$ 150.2 million, representing 89 percent of complete topline in the middle of the team’s ongoing approaches to optimize its profile.

Price of sales through climbed 5.4 percent to S$ 122.2 million from S$ 115.9 million, while gross earnings was up 6.8 percent to S$ 46.4 million.

Gross earnings margin for H2 boosted to 27.5 percent from 27.3 percent in H2 FY2020, which YHS credited to its initiatives to boost sales mix as well as item profile in spite of expense stress on resources as well as products.

Samuel Koh, president of YHS, claimed: “2021 was a year where Yeo’s needed to browse substantial obstacles postured by the continuous international pandemic, along with the occurring supply chain disturbances as well as running prices rising cost of living that arised from it. I delight in to upgrade that we have actually made great progression in reinforcing our core service.”

Looking in advance, YHS claimed it will certainly improve its favorable energy, as well as remain to drive its core F&B section’s development internet rate boost, SKU (stock-keeping system) rationalisation as well as expense decrease.

Shares of Yeo Hiap Seng finished Friday at S$ 0.875, up 3.6 percent or S$ 0.03.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button