Yeo Hiap Seng Q108 net profit up on higher tax credits
Posted by lushhomeonline on May 9, 2008
Yeo Hiap Seng Limited on Friday reported net profit for the first quarter ended March 31, 2008 was at $9.50 million, compared to $3.86 million a year ago due to a higher tax credit.
The company had a tax credit of $10.56 million as a result of write back of an over-provision of prior year tax from the property division.
Revenue fell 7 per cent to $106.17 million. While food and beverage division saw an improvement in sales, revenue from development property fell. — BT Newsroom
Source : Business Times - 9 May 2008
