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QAF reports 72% fall in 2Q17 earnings to $8.1 mil

PC Lee
PC Lee8/8/2017 5:55 PM GMT+08  • 1 min read
QAF reports 72% fall in 2Q17 earnings to $8.1 mil
SINGAPORE (Aug 8): QAF, the multi-industry food company, reported a 72% fall in 2Q17 earnings to $8.1 million from $28.8 million a year ago.
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SINGAPORE (Aug 8): QAF, the multi-industry food company, reported a 72% fall in 2Q17 earnings to $8.1 million from $28.8 million a year ago.

Revenue remained flat at $209.8 million compared to $208.4 million a year ago.

Profitability in the Bakery segment fell 29% to $5.5 million; profitability in the Primary Production segment fell 38% to $7.4 million while Trading & Logistics fell 25% to $0.9 million.

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