SINGAPORE: SFI shrugs off challenging Q2
Singapore Food Industries (SFI) has posted rising first-half profits despite a dip in earnings during the second quarter of the year.
The company, which has operations in countries including Australia, China and the UK, posted a 13.9% rise in pre-tax profits to S$23.3m (US$15.4m).
The increase came despite profits tumbling by over 10% during the second quarter. Losses from SFI's operations in China widened while restructuring costs hit the company's Irish business, Cresset.
Turnover rose 11.5% to S$331.4m, SFI added.
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