Super Group's net profit slides 29% to $11.1m as regional currencies tumble

Weak consumer spending dented its bottom line.

Super Group booked a net profit of $11.1m in the second quarter, 29% lower on a year-on-year basis.

The weak results were blamed on extremely weak regional currencies, particularly in Myanmar, Malaysia and Eastern Europe.

The group was also impacted by weak consumer spending within the region. Higher Branded Consumer (BC) sales from its core markets Asian markets such as Thailand, Myanmar and China were offset by lower sales from markets such as the Philippines and Eastern Europe.

Its Food Ingredients segment registered revenue growth in Indonesia while lower sales were recorded in Philippines and China.

"We continued to see negative impact from the weaknesses of domestic currencies in Asia on our revenue and weakened consumer spending within the Asian markets," said David Teo, Chairman and Managing Director of Super Group

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia