The group’s net profit after tax for 9MFY2022 increased by US$35.1 million or 240.9% y-o-y to US$49.6 million. For 3QFY2022, the group’s net profit after tax increased from US$3.1 million in 3QFY2021 to US$22.6 million. This was mainly attributable to higher average selling prices across most of the group’s business segments coupled with one-off gain of US$15.0 million from the disposal of non-core asset.
Coffee manufacturer and distributor Food Empire announced in its business update that it has achieved a revenue of US$286.0 million in 9MFY2022, a y-o-y increase of 26.5% as compared to US$226.1 million in 9MFY2021.
The increase was across all segments particularly from the group’s South Asia segment. On a quarterly basis, the group’s revenue for 3QFY2022 increased by 42.1% to US$108.6 million mainly from the group’s Russia and South Asia segments.
