Eu Yan Sang FY15 Net Profit Slumps 69.6%

Eu Yan Sang International has announced a net profit of $4.6 million for FY15, a slump of 69.6 percent from the FY14 net profit of $15 million on the back of a lower revenue and higher expenses.

Revenue saw a dip of four percent to $350.4 million largely due to the weaker performance from key markets in Hong Kong and Malaysia, which was mainly contributed by macroeconomic factors beyond the Group’s control such as the ongoing political and economic uncertainties.

The loss of profitability was also due to an increase in operating expenses, mainly attributed to a rise in distribution and selling expenses, which stemmed from an increase operating costs from new company-operated outlets.

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