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.