Food Empire
Shares of JB Foods, Food Empire soar on positive earnings
JB Foods has announced a special dividend of S$0.028 per share
Food Empire’s Q3 revenue rises 28.3% to US$152.6 million
The group’s nine-month revenue is at an all-time high
Food Empire raises S$42.8 million from placement of 17 million treasury shares
The placement is expected to broaden the company’s investor base and position it for future growth opportunities
Food Empire jumps 2.7% after Maybank raises target price
The bank maintains a ‘buy’ call after revisiting its Vietnam operation
UOBKH lifts target price for Food Empire by 14% as H1 results beat expectations
UOBKH and Maybank Research maintain their ‘buy’ call for the company, projecting future growth
Food Empire reports net loss of US$1.5 million, declares first-ever interim dividend of S$0.03
Excluding the fair value loss of US$32.6 million, net profit after tax stands at US$31.5 million
Food Empire partners AirAsia to launch ready-to-drink beverages
The tie-up kicks off with a Vietnamese iced-coffee product to be sold on board the airline’s flights
Food Empire to invest US$37 million to expand India coffee facility, eyes Asia for growth
As part of the group’s vertical integration strategy, the expansion will raise the plant’s capacity by around 60% to boost the fast-growing branded consumer business
Food Empire reports 16.3% rise in revenue for Q1
The group’s South-east Asia segment has leapfrogged Russia to emerge as its best-performing market with US$40 million in sales, up 33.8% year on year.
Food Empire H2 profit down 3.2% at US$28.9 million
This is despite revenue growing 10.4% to US$251.1 million for the period
