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JB Foods' 1Q earnings quadruple to $6.3 mil on higher margin

Stanislaus Jude Chan
Stanislaus Jude Chan5/10/2018 08:09 PM GMT+08  • 2 min read
JB Foods' 1Q earnings quadruple to $6.3 mil on higher margin
SINGAPORE (May 10): JB Foods saw its earnings surge four-fold to US$4.7 million ($6.3 million) for the 1Q ended March, from US$1.2 million a year ago.
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SINGAPORE (May 10): JB Foods saw its earnings surge four-fold to US$4.7 million ($6.3 million) for the 1Q ended March, from US$1.2 million a year ago.

1Q18 revenue grew 4.0% to US$74.1 million, from US$71.2 million a year ago.

This was mainly due to strong customer demand, partially offset by the lower average selling price to customers due to pass-through effect of lower cocoa bean prices.

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