However, revenue for the quarter dropped by 5.6% to US$70.0 million from US$74.1 million last year, mainly due to lower contribution from most of the group’s markets – Russia, Kazakhstan and CIS markets, Indochina, and other markets – except Ukraine.
SINGAPORE (Feb 28): Food Empire has announced that it has reversed out of the red in 4Q18 with earnings of US$2.72 million ($3.67 million), compared to a loss of US$2.75 million in 4Q17.
This brings FY18 earnings to US$18.1 million, 28.0% higher than US$14.1 million in FY17.
