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Super Group sees 4Q earnings dip 1% to $15.5 mil on lower margins

Jude Chan
Jude Chan2/28/2017 06:19 PM GMT+08  • 2 min read
Super Group sees 4Q earnings dip 1% to $15.5 mil on lower margins
SINGAPORE (Feb 28): Super Group posts earnings of $15.5 million in the fourth quarter ended Dec 31, slipping marginally from earnings of $15.7 million a year ago.
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SINGAPORE (Feb 28): Super Group posts earnings of $15.5 million in the fourth quarter ended Dec 31, slipping marginally from earnings of $15.7 million a year ago.

This was mainly due to lower gross profit margin of 35% in 4Q, compared to 39% a year ago, as a result of higher raw material costs and a higher composition of lower-margin food ingredients sales.

In addition, Super Group saw higher general and administrative expenses of $1.5 million, compared to $0.6 million a year ago. This was primarily due to the writing off of damaged or obsolete inventories.

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