The company stresses that this is a preliminary assessment based on currently available information, and advised shareholders and potential investors to exercise caution when dealing in the securities of the company.
The board of directors of JB Foods has guided for a significant increase of its earnings for its six-month ended Sep 30. The guidance, issued after market closed on Nov 6, sent its share price up 12.25% higher to close at 55 cents on Nov 7.
According to JB Foods, the higher earnings can be attributed to operational improvement, higher hedging gains, and stronger margins for customers’ contracts delivered during the period.
