Super's Q2 earnings down 30%
Singapore
SUPER Group on Tuesday reported a 30 per cent drop in net profit to S$10.5 million, on the back of a 5 per cent dip in revenue to S$125.5 million for its second quarter ended June 30, 2015. Earnings per share fell to 0.94 Singapore cent, from 1.35 cents a year ago.
The instant food and beverage brand owner and manufacturer said the lower revenue was due to lower sales from both its segments: branded consumer and food ingredients sales. Branded consumer sales fell 4 per cent to S$80 million due to lower sales in the Philippines and Eastern Europe markets. Sales of food ingredients fell 5 per cent to S$45.5 million due to lower sales in the Philippines and China markets.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Why the yen is so weak and what that means for Japan
UAE's top bank FAB beats Q1 profit estimates
IndoAgri appoints former EDB chairman Philip Yeo as chairman and lead ID
US, Philippines eye agreement to cut China nickel dominance
GSK profit drops in first quarter on higher costs
London watchdog’s name-and-shame plan is mad, bad and dangerous to the City