According to the Zhitong Finance App, Yefeng Group (01695) announced its annual results for the year ended December 31, 2023. The group achieved revenue of RM85,176 million, a year-on-year decrease of 6.99%; losses attributable to shareholders amounted to RM1,801 million, an increase of 102.61% over the previous year; and a basic loss of RM0.17 cents per share.

According to the announcement, the decline in earnings was mainly due to a decline in sales of coconut milk powder and coconut milk.