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QAF posts 47% drop in 1Q earnings to $1.6 mil on higher costs

Stanislaus Jude Chan
Stanislaus Jude Chan5/10/2019 06:37 PM GMT+08  • 3 min read
QAF posts 47% drop in 1Q earnings to $1.6 mil on higher costs
SINGAPORE (May 10): QAF, the multi-industry food company, reports a 47% drop in earnings to $1.6 million for the 1Q19 ended March, from $3.0 million a year ago.
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SINGAPORE (May 10): QAF, the multi-industry food company, reports a 47% drop in earnings to $1.6 million for the 1Q19 ended March, from $3.0 million a year ago.

Earnings per share (EPS) fell to 0.3 cents in 1Q19, from 0.5 cents in 1Q18.

The decline came despite the group registering higher revenue during the quarter, largely due to higher costs and expenses.

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