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Mewah sees revenue hit 11 year high, but profit slips slightly

Lim Hui Jie
Lim Hui Jie • 2 min read
Mewah sees revenue hit 11 year high, but profit slips slightly
Despite a 11-year high revenue, net profit for FY2021 dropped by 7.4%.
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Edible oils and fats firm Mewah International has reported its highest revenue full year revenue in 11 years at US$4.35 billion ($5.88 billion), but earnings have dipped by 7.4% y-o-y to US$80.2 million.

In its FY2021 (ended December) results release, Mewah saw revenue jump by 26.2% y-o-y from FY2020’s US$3.44 billion.

Mewah reported that it had a sales volume of about $4.2 million metric tons (MT), down 14.6% from 4.82 million MT last year.

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