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Food Empire posts 4Q loss of $3.6 mil on share of loss of associates

Samantha Chiew
Samantha Chiew2/28/2018 09:22 PM GMT+08  • 2 min read
Food Empire posts 4Q loss of $3.6 mil on share of loss of associates
SINGAPORE (Feb 28): Food Empire reported a loss of US$2.75 million ($3.63 million) in FY17, compared to earnings of US$2.92 million in FY18.
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SINGAPORE (Feb 28): Food Empire reported a loss of US$2.75 million ($3.63 million) in FY17, compared to earnings of US$2.92 million in FY18.

This translates to FY17 earnings of US$14.1 million, 2.6% lower than US$14.5 million in FY16.

Revenue during the quarter increased by 5.8% to US$74.1 million from US$70.0 million a year ago, due to higher contribution from the group’s Kazakhstan and CIS markets as well as other market.

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