Eu Yan Sang ekes out higher Q3 gain

SINGAPORE - Higher sales in Hong Kong, Malaysia and Australia saw Eu Yan Sang International's third quarter earnings rise by 4 per cent to $8.8 million, from the same period a year earlier.

Revenue for the three months to March 31 was $110.3 million, up 9 per cent year on year.

Chief executive Richard Eu said the group's nine-month revenue reached $281.7 million, 86 per cent of full year revenue for the whole of 2013.

"We are optimistic that sales momentum can sustain into the last quarter to achieve yet another consecutive year of record revenue since our listing," he said.

In local currency terms, the group's revenue in Hong Kong surged 23 per cent year on year, with increased sales to Mainland tourists.

Revenue in Australia and Malaysia went up 25 per cent and 4 per cent respectively year on year.

Revenue in Singapore dipped by 3 per cent however, due to some problems with herb supply.

Mr Eu said the group is beefing up its supply side, and has more products in the pipeline.

Earnings per share for the quarter was 1.98 cents, up from 1.91 cents a year earlier.