QAF ltd

Revenue dips 1% to S$306.1 million

Business performance is affected by increased operating costs, unfavourable foreign exchange movements, and a higher non-cash impairment of its investment in its joint venture

Improvement is attributed to better business performance and lower non-cash impairments of joint venture 

Including the latest payment, it received total payouts of about RM131 million for a factory affected by flooding

This is mainly due to a lower income tax expense, on top of a higher revenue

MAINBOARD-LISTED QAF posted a 101 per cent rise in net profit to S$22.6 million for the second half of the year ended Dec 31, 2023, from S$11.2 million in the previous corresponding period.

FOOD manufacturer and distributor QAF Limited on Monday (Oct 31) said it has appointed Philip Yeo as an independent non-executive director.

MULTI-INDUSTRY food company QAF said that it expects a “significant improvement” in its net profit for the second half of its 2023 financial year ending on Dec 31, compared to the same period the prev...

MULTI-INDUSTRY food company QAF posted a 66.2 per cent decline in net profit after tax from continuing operations to S$4.9 million for the half-year ended Jun 30, 2023, from S$14.5 million in the corr...