Yeo Hiap Seng warns of Q4 loss on lower property, asset values

Food and property group Yeo Hiap Seng said it expects to report a loss for its fiscal fourth quarter, the three months to December.

It said this is due to a decrease in the value of its properties and some of its financial assets.

The company is due to release its financial results for the fourth quarter and full year at the end of this month.

Source : Channel NewsAsia – 2 Feb 2009

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