YSP’s profit surges threefold in 2Q

by TMR

Y.S.P. Southeast Asia Holding Bhd’s net profit for the second quarter (2Q) ended June 30, 2018, surged threefold year-on-year (YoY) to RM10.35 million or earnings per share (EPS) of 7.53 sen from RM3.16 million or EPS if 2.34 sen due to lower cost of goods sold with higher production and productivity compared with same period in the previous year. 
 
Turnover from April to June period rose 13.2% YoY to RM67.85 million with the help of proceeds from property, plant and equipment disposal.
 
The pharma group will focus on enhancing operational efficiency, increasing product registration, effective and bolder marketing, promotional and sales strategies amid the unabated challenges in both domestic and international fronts.
 
YSP is targeting to capture more pronounced online presence in product marketing and sales and is cautiously optimistic of maintaining the financial performance in the year ahead.