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Bread manufacturer and distributor QAF Limited posts 26% higher earnings for FY2024 of $34.7 mil

Nicole Lim
Nicole Lim • 2 min read
Bread manufacturer and distributor QAF Limited posts 26% higher earnings for FY2024 of $34.7 mil
The group recognised a non-cash impairment of $1.2 million from its investment into Gardena Bakeries KL. Photo: QAF
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QAF Limited has reported earnings of $34.7 million for the FY2024 ended Dec 31, 2024, up 26% y-o-y. However, for the 2HFY2024 period, the group saw a 2% y-o-y decline to $22.2 million. 

The group’s earnings per share for the FY2024 came in at 6 cents per ordinary share. 

Revenue for the FY2024 grew a marginal 1% y-o-y to $636.1 million, while revenue for the 2HFY2024 saw no change at $326.9 million. 

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