QAF more than doubles Q3 earnings

Singapore

QAF more than doubled its net profit for the three months ended Sept 30 from a year ago, as a result of increased profitability across all its business segments, particularly in its Australian pork business, Rivalea.

The Singapore-listed company's net profit surged from S$3.8 million a year ago to S$8.1 million to end September 2014, though its revenue inched up from S$250.7 million to S$256.0 million.