Lower sales, higher costs dent Super Group's Q1 earnings

Singapore

A DOUBLE whammy of lowered sales from key regional markets and increased expenses took a toll on the earnings of instant food and beverage maker Super Group in the first quarter of this year.

Net profit slipped 15 per cent to S$11.6 million, for the three months to March 31, while revenue fell 2 per cent to S$119.4 million, when compared with year-ago figures for the corresponding period. This was despite higher gross profit margin.