Super Group, the brand-owner of instant beverages and convenience foods, says it registered a 49% increase in net profit to $13.6 million for the three months ended 30 September 2010, powered by its dual-engine of growth — consumer goods and ingredients sales.

Revenue grew 12% to $86.8 million in 3Q10 with ingredient sales taking the lead. Ingredients sales jumped 47% to $14.5 million in 3Q10 from $9.9 million in 3Q09, driven by higher non-dairy creamer sales into China.

Leading the revenue growth, ingredients sales increased 47% driven by strong demand of non-dairy creamer from the China market. The group witnessed a 7x increase in its non-dairy creamer sales, quarter-on-quarter (3Q10 vs 2Q10), into the China market, following the production capacity increase of 25,000 tonnes at the Wuxi plant.

Consumer goods sales increased 7% from higher sales into Thailand, Malaysia and Mongolia.

Gross profit improved 6.6 percentage points, largely from lower production costs and the sales of higher margin products such as the Organic Soy Milk and Charcoal Roasted White Coffee.

Super Group expects market conditions to remain competitive in the next 12 months.