FOOD & BEVERAGE | Staff Reporter, Singapore

Super Group's Q3 net profit up 9% to $7.8m

Thanks to lower selling and distribution expenses.

Despite, lower revenue recorded in 3Q16, food and beverage company Super Group still managed to yield strong bottomline as major expenditures slumped. For starters, cost of sales was down 4% to $78.1m from $81.5m last year. Meanwhile, selling and disribution expenses saw the biggest slash at 6% to $14.7m. The lower selling expenses paved the way for a 17% increase in operating activities profit to $10.6m.

This has led to a total profit of $7.8m, a 9% increase from last year's $7.2m. This came even with headline slightly decreasing by 1% to $119.5m due to lower food ingredients sales.

The group said it expects market conditions to remain competitive in the next 12 months as raw material costs and currency fluctuations will surely affect the its operating performance.

"Management, however, is familiar with these challenges and will take appropriate actions to mitigate their impact on the Group’s businesses," the group noted. 

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