Yoong Onn publishes 2026 annual report
Bitget2026/10/29 05:35- Yoong Onn reported stronger earnings for the year ended June 30, 2026, driven by domestic sales growth, lower foreign-exchange losses and insurance claims.
- Higher online and consignment sales offset weaker overseas business following a Singapore warehouse fire that disrupted operations for approximately five months.
- A contractor was appointed to build a replacement Singapore industrial facility with modern offices and warehousing.
- The Singapore fire insurance claim was fully settled, with the final payment received on September 18, 2026.
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