Yamada Green Resources to Close Food Segment

Yamada Green Resources Ltd. (SG:BJV) has released an update.

Yamada Green Resources Ltd. has announced plans to shut down its underperforming Processed Food Products Segment by the end of June 2024, following a consistent decline in revenue and persistent losses over the past three and a half years. The segment’s revenue has seen a significant drop, plummeting 36.5% in FY2023 from the previous year, and it has contributed substantially to the Group’s overall operating losses.

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