Super Group's Q4 profit falls 39%

Singapore

EARNINGS for Super Group tumbled 39 per cent in the fourth quarter, mainly due to higher tax expenses and the absence of other income.

The firm's net profit fell to S$15.7 million for the quarter ended Dec 31, down from S$25.9 million a year ago.

Its revenue slipped 8 per cent to S$141.1 million on lower food ingredient sales to Indonesia and China, offset partially by the better performance in the Philippines and Taiwan.

The bottom line was further weakened by the absence of a one-time gain of S$6.5 million t…