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SunMoon Food swings back to the black in FY18 as sales more than double

PC Lee
PC Lee5/30/2018 11:00 AM GMT+08  • 2 min read
SunMoon Food swings back to the black in FY18 as sales more than double
SINGAPORE (May 30): SunMoon Food Company reported a net profit of $0.36 million for FY18 ended March compared to a restated net loss of $9.3 million for the 15 months ended March (FY17).
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SINGAPORE (May 30): SunMoon Food Company reported a net profit of $0.36 million for FY18 ended March compared to a restated net loss of $9.3 million for the 15 months ended March (FY17).

Due to the restated FY17 results, SunMoon would have recorded a pre-tax loss of $7.86 million for the last three most recently completed financial years.

Should its market cap fall below $40 million for the six month ended Dec, the company says it will be placed on the Singapore Exchange watch-list.

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