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JB Foods reports higher earnings for FY2022, sees long demand for cocoa growing

The Edge Singapore
The Edge Singapore • 1 min read
JB Foods reports higher earnings for FY2022, sees long demand for cocoa growing
"We conscientiously partner our worldwide customers to deliver the cocoa ingredients solutions that they require," says JB Foods CEO Tey How Keong / Photo: The Edge Singapore
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Cocoa ingredients supplier JB Foods has reported earnings of US$16.7 million for FY2022, up 20.5% from the preceding year's US$13.9 million.

Driven by higher demand for its products, the company's revenue in the same period was up 13.6% to US$509.6 million - the first time the topline crossed the US$500 million mark.

The company plans to pay a final dividend of 1.6 cents, which will bring total payout for FY2022 to 1.8 cents.

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