The earnings improvement is anticipated to come about despite previous announcements on the group’s non-cash impairment of its investment in its joint venture and exceptional items relating to the insurance claims arising from the flooding at its Malaysian bakery factory.
QAF Q(SGX:01
) expects to report a significant improvement in group earnings for 2HFY2023 and FY2023 ended Dec 31, 2023, compared to the same periods last year.
In a profit guidance filing on Feb 5, the company says the expected improvement is mainly attributable to better business performance and improved foreign exchange movements.
