Super Group's Q4 profit dips on poorer gross margin, write-offs

Singapore

BEVERAGE mix maker Super Group, the subject of an offer to take it private, on Tuesday posted a dip in fourth-quarter earnings. It cited lower gross profit margin and higher expenses resulting from write-offs.

Net profit for the three months ended Dec 31, 2016, stood at S$15.5 million, one per cent down from S$15.7 million the year before. Earnings per share dropped to 1.39 Singapore cents from 1.41 cents in Q4 FY2015.