Yee Lee’s net profit improves in 4Q

by TMR

Yee Lee Corp turned in an improved net profit of RM13.43 million for its fourth quarter (4Q) ended Dec 31, 2017, up 12.9% year-on-year (YoY), owing to higher profit contribution from an associate company.

Revenue for the edible oil manufacturer and distributor was lower by 12% YoY at RM257.38 million as lower sales from both its manufacturing and trading divisions negatively impacted the group.

The company declared a 4.5 sen dividend for the quarter.