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Food Empire Q4 profit jumps 84%

Exec chairman Tan Wang Cheow attributes the group's good results to the effectiveness of the strategies implemented to address identified problems and improve profitability.


FOOD Empire Holdings on Monday reported an 83.6 per cent jump in net profit to about US$5 million for the fourth quarter ended Dec 31, 2019.

Revenue for the instant coffee and snack manufacturer grew 4.7 per cent to US$73.3 million, with sales increasing in its Russia,...

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