Petra Foods' Q4 profit falls 22.3% to US$12.4m

Singapore

PETRA Foods' earnings fell more than a fifth in the fourth quarter as revenue remained largely unchanged. Its net profit attributable to shareholders for the three months ended Dec 31 stood at US$12.4 million, down 22.3 per cent from US$15.9 million a year earlier, which included US$234,000 from its divested cocoa processing operations.

Excluding the discontinued operations, net profit dropped 21.1 per cent.