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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.