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Super Group Q2 earnings plunge 58% on lower sales
Weak currencies in South-east Asia markets also hit revenue
Add BT as a preferred sourcePublished Mon, Aug 11, 2014 · 10:00 PM
INSTANT beverage maker Super Group suffered a hit to its earnings for the June quarter, no thanks to weaker demand for its products in certain South-east Asian markets and foreign exchange translation losses.
The group, known for its Super Coffee and Owl brands, recorded a 58 per cent year-on-year drop in net profit to S$15.65 million for the second quarter ended June 30, 2014.
This was on the back of a 5 per cent year-on-year dip in revenues to S$131.68 million for the June 2014 quarter.
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