Friday August 3, 2012
Lower profit for Yeo Hiap Seng in Q2
KUALA LUMPUR: Yeo Hiap Seng (M) Bhd pre-tax profit for the second quarter ended June 6 dropped to RM948,000 from RM5.46mil in the same quarter last year.
In a filing with Bursa Malaysia, the company said this was mainly due to competitive pricing, inventory write-off provision as well as higher selling, advertising and distribution costs.
However, revenue rose to RM139.72mil from RM116.11mil previously. - Bernama