QAF Jumps 2.37% After Seeing Higher Fiscal Year 2024 Profit on Improved Performance

MT Newswires

02/12

QAF said it expects higher profit for 2024, citing stronger business performance and reduced non-cash impairments on its joint venture investment, according to a Tuesday filing on the Singapore Exchange.

The company said foreign exchange losses and lower insurance payouts from flooding at its Malaysian bakery plant weighed on results but were offset by overall business improvements.

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