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Super Group Q4 profit falls 39%

Tuesday, February 23, 2016 - 18:48

EARNINGS for Super Group tumbled 39 per cent in the fourth quarter, mainly due to higher tax expenses and the absence of other income.

The firm's net profit fell to S$15.7 million for the quarter ended Dec 31, down from S$25.9 million a year ago.

Revenue slipped 8 per cent to S$141.1 million on lower food ingredient sales to Indonesia and China, offset partially by the better performance in the Philippines and Taiwan.

For the full year, Super Group's net profit tumbled 31 per cent to S$47.3 million, on the back of a 6 per cent dip in revenue to S$509.2 million.

Its board has proposed a second and final dividend of 1.2 cents a share. This brings the total dividend for the 2015 financial year to 2.2 cents a share, down from 3.1 cents in FY2014.

The counter closed 1.4 per cent, or one cent, higher at 73.5 Singapore cents on Tuesday, before the results announcement.

sentifi.com

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