"We are cautiously optimistic that the growth momentum will carry through the rest of the year barring unforeseen circumstances," says group CEO and executive director Sudeep Nair.
Food Empire Holdings has reported its strongest ever first quarter with revenue up 16.9% y-o-y to US$159.7 million, potentially extending five consecutive years of record sales.
Revenue from Central Asia was up the most at 36.4% to US$30.7 million while Russia was next with a 29.4% gain to US$51 million.
