SunMoon Food posts narrower loss of S$417,000 for Q2

SUNMOON Food Company reported a net loss of S$417,000 for the three months to September, improving from a net loss of S$1.6 million a year ago.

Revenue rose 24.2 per cent to S$9.9 million from S$8 million led mainly by the increase in sales to Shanghai YiGuo E-Commence Co which accounted for 58 per cent of total revenue.

SunMoon made a loss per share of 0.1541 Singapore cent versus a loss of 0.3149 Singapore cent a year ago.

No dividend was declared.

For the half-year period, it posted a net loss of S$914,000 on the back of a 31 per cent improvement in revenue to S$16.1 million.