SINGAPORE: Food Empire Holdings sees turnover up 32.6% in H1 2002
Food and beverage manufacturer Food Empire Holdings (FEH) has announced improved results for its H1 ended 30 June 2002, with group Turnover up 32.6% to S$44.3m (US$25.3m) on the back of broad-based growth across all key markets of Russia, Eastern Europe and Central Asia. Group post-tax profit attributable to shareholders registered a 25% increase to S$4.8m year on year due to higher turnover, a general reduction in cost of raw materials especially coffee and improved operational efficiencies. At the operating level, EBITDA improved 56.1% to US$8.3m.
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