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Food Empire reports earnings of US$50.2 mil for FY2024, down 7% y-o-y

Nicole Lim
Nicole Lim • 2 min read
Food Empire reports earnings of US$50.2 mil for FY2024, down 7% y-o-y
Revenue grew 11.9% y-o-y due to strong double digit growth from Southeast Asia, South Asia, Ukraine, Kazakhstan and CIS segments, offset by dip in Russian segment. Photo: Albert Chua/The Edge Singapore
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Food Empire Holdings has reported earnings of US$52.5 million ($70.3 million) for the FY2024 ended Dec 31, 2024, down 7% y-o-y. 

For the 2HFY2024, earnings came in 3.2% y-o-y lower at US$28.9 million.

The group’s ebitda for FY2024 came in 6.6% y-o-y lower at $81.1 million, which includes a fair value gain of derivatives of US$2.8 million from the redeemable exchangeable notes. 

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