The company also reported lower foreign exchange (forex) translation losses in the 1HFY2024 compared to the same period last year.
QAF Limited says it is expecting to see a better set of earnings for the 1HFY2024 ended June 30.
The earnings improvement is attributed to the reinstation of production lines at QAF’s Malaysian factory in September 2023. The factory, which was damaged by floods in December 2021, has been supporting the normalisation of production and supply of bakery products, which contributed to the overall improvement in the company’s operating performance, says QAF in its July 23 announcement.
