Beverage barriers: Yeo’s predicts challenging year ahead after mixed 2023 financial results

By Pearly Neo

02-Apr-2024 - Last updated on 02-Apr-2024 at 02:48 GMT

Singapore-based beverage heavyweight Yeo Hiap Seng (Yeo’s) has predicted a challenging year ahead after reporting a near doubling in profits but a significant overall drop in revenue, citing ongoing inflation and soft consumer spending as key factors.

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