Food Empire's Attributable Profit Slides 3% in H2 2024; Shares Up 8%

MT Newswires

2025/02/26

Food Empire's (SGX:F03) profit attributable to equity shareholders declined 3.2% in the second half of 2024 to $28.9 million from $29.8 million a year earlier, according to a filing with the Singapore Exchange on Tuesday.

Earnings per share dropped to $0.0545 compared with $0.0559 in the comparable period.

Revenue was up 10% year over year to $251.1 million from $227.5 million, driven by higher revenue from South-East Asia.

Shares of the company were up nearly 8% in recent trading.

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