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Food Empire's 1HFY2022 earnings more than double to US$27.1 mil due to higher ASPs

Felicia Tan
Felicia Tan8/11/2022 09:43 PM GMT+08  • 2 min read
Food Empire's 1HFY2022 earnings more than double to US$27.1 mil due to higher ASPs
Gross profit for the period increased by 8.1% y-o-y to US$52.0 million. Photo: Albert Chua/The Edge Singapore
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Food Empire has reported earnings of US$27.1 million ($37.2 million) for the 1HFY2022 ended June, more than double the earnings of US$11.5 million in the same period the year before.


See: Food Empire expects to see 'significantly higher' profit after tax for 1HFY2022

This was mainly attributable to the higher average selling prices (ASPs) across most of the group’s business segments.

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