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Eu Yan Sang In The Red For 1Q16
Daily Bulletin | 12 November 2015
By:

Eu Yan Sang International sunk into the red with a net loss of $150,000 for 1Q16, a massive slump from the net profit of $737,000 last year on the back of a drop in revenue received.

The group reported a drop of 9.5 percent in revenue received to $75.2 million, primarily due to lower revenue generated from Hong Kong but partially offset by higher revenue from Singapore and Australia. Revenue was also impacted by the weakening Malaysian Ringgit and Australian Dollar.


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