Published:
172 views
Food Empire
Food Empire records 14.8% YoY decline in net profit in 9M23
The company attributed the decline to a US$1.4m exchange loss.
SGX Mainboard-listed Food Empire's net profit after tax saw a 14.8% YoY decrease in 9M23, dropping to $57.3m (US$42.3m) from $67.2m (US$49.6m) in 9M22.
In a bourse filing, the company attributed the decline in its net profit after tax to the absence of a one-off gain of $20.3m (US$15.0m) from the disposal of a non-core asset recorded in 3Q22 and an exchange loss of $1.9m (US$1.4m).
On the flip side, the company recorded a 6.7% YoY increase in revenue to $413.7m (US$305.1m) in 9M23.
Read Here
Advertise
Sign Up
