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Food Empire reports earnings of US$6.8 mil for 1QFY21

The Edge Singapore
The Edge Singapore5/11/2021 7:36 PM GMT+08  • 1 min read
Food Empire reports earnings of US$6.8 mil for 1QFY21
The company suffered from lower forex losses but got to bear higher freight and raw material costs
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Food Empire Holdings has reported earnings of US$6.8 million for its 1QFY21, up 3.9% y-o-y. Revenue in the same period was up 3.4% to US$76.8 million, led by stronger demand for its products in southeast Asia.

The company also suffered lower forex losses and incurred lower sales related expenses. However, raw materials and transportation costs increased.

SEE:RHB's Seet bets on Straco and Marco Polo as recovery plays; Food Empire for growth

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