Super Group's net profit jumped 24% to S$22.9m

Check out what boosted this growth.

In a release, Super Group Ltd today announced a 24% increase in net profit to S$22.9m for the first three months ended 31 March 2013 (“1Q13”). Sales increased 9% YoY to S$132.4m from S$121.6m for the first three months ended 31 March 2012 (“1Q12”). 

Gross profit margin improved 3 percentage points to 37% due to effective costs management and enhanced operational efficiencies arising from increased production capacity.

Food Ingredients sales posted 33% growth to S$38.5m. This growth is boosted by increased production capacity and robust demand for soluble coffee powder and non-dairy creamer from key Asian markets.

Branded Consumer sales posted slight improvement to S$93.9m. Higher sales were registered for Thailand, Philippines and China markets while this increase is partially offset by lower sales into other Southeast Asian markets.