Company Briefs: Global Yellow Pages

Global Yellow Pages

Information directory firm Global Yellow Pages yesterday filed a defamation suit against Mr Goh Kok Liang, the director and sole shareholder of Leisure Empire.

The group told the Singapore Exchange in an announcement that the writ of summons was filed "in respect of defamatory remarks made by Mr Goh at a meeting with the employees of Singapore River Explorer about the company".

It is seeking for damages to be assessed and for an injunction restraining Mr Goh from publishing the defamatory remarks or similar comments, as well as from making or publishing further defamatory remarks.

PSL Holdings

Mainboard-listed PSL Holdings, which provides logistics and support services to the construction industry in Singapore, warned that it expects to report a loss for its fourth quarter and full year ended Dec 31.

The company said yesterday that this is due mainly to a reduction in the group's profit margin as a result of stiffer competition as well as professional fees of about $502,000 in relation to the acquisition of PT Momentum Indonesia Investama.

The group will disclose further details of its performance when it releases its financial results. PSL shares traded at 49 cents at its last close on Feb 18.

Yeo Hiap Seng

Higher fair value gains on investment properties boosted fourth-quarter earnings for Yeo Hiap Seng.

The food and beverage maker yesterday posted a net profit of $14.2 million for the three months to Dec 31, up from $13.3 million from the same period a year earlier.

Revenue fell from $99.7 million to $95.6 million, on the back of a 4.1 per cent drop in the bottom line for its food and beverage division.

Earnings per share came in at 2.47 cents for the quarter, slightly up on the 2.31 cents previously. Net asset value slid to 103.88 cents as at Dec 31, from 109.15 cents at the same time the year before.

For the full year, Yeo Hiap Seng logged a net profit of $36.8 million, higher than the $29 million in the 2014 fiscal year, while revenue climbed to $443.5 million, over the $437.6 million previously.

The group proposed a first and final dividend of two cents per share, unchanged from previously.

A version of this article appeared in the print edition of The Straits Times on February 23, 2016, with the headline 'CompanyBriefs'. Print Edition | Subscribe