Plunge in Asian sales knock Yanion earnings down 87pc

PUBLISHED : Monday, 14 September, 1998, 12:00am
UPDATED : Monday, 14 September, 1998, 12:00am

Yanion International, a maker of audio and video products, said interim earnings tumbled 87.6 per cent to $1.26 million for the first six months this year. Turnover dropped 40.4 per cent to $143.5 million as its sales in Asia were hurt by the regional financial turmoil. Earnings per share also plunged 87.6 per cent to 1.3 cents. No interim dividend was proposed.