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Food Empire reports NPAT of $9.2 mil, up 34.4% for 1QFY2022

Felicia Tan
Felicia Tan5/11/2022 8:20 PM GMT+08  • 3 min read
Food Empire reports NPAT of $9.2 mil, up 34.4% for 1QFY2022
Looking ahead, the group says it has experienced an overall improvement in market sentiment. Photo: Albert Chua/The Edge Singapore
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Food Empire Holdings has reported net profit after tax (NPAT) of US$9.2 million ($12.7 million) for the 1QFY2022, 34.4% higher than NPAT of US$6.8 million in the corresponding quarter last year.

The higher NPAT was due to the higher average selling prices (ASPs), lower selling and marketing expenses, as well as higher share of associated profit despite the higher exchange losses.

Net profit before tax increased by 24.0% y-o-y to US$10.7 million, from US$8.6 million.

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