Food & Beverage
Food Empire net profit drops by 12.8% in H1 2024
Food Empire net profit drops by 12.8% in H1 2024
This was due to profit depreciation in the Russian market.
Currency woes drag Delfi Limited’s PATMI down 22.3%
PATMI for the period was US$19.6m.
SFA lifts Pu Tien Services suspension after ByteDance food poisoning incident
The incident caused 17 hospitalisations.
Singapore and Indonesia sign halal certification recognition pact
Singapore is the third country to sign such an agreement with Indonesia.
Gardenia maker QAF Limited sees 154% PATMI increase as tax costs decrease
Income tax expense dropped 28% YoY to $1.7m to $.4.4m in H1.
ThaiBev posts 2.2% YoY rise in EBITDA driven by segment gains
EBITDA for the period was ฿38.6b ($1.5b).
Singapore greenlights law to facilitate surplus food donation to reduce waste
Donors will be protected by the law, given they comply with safety and hygiene rules.
Fraser and Neave profit rises 37.3% YoY to $123M in 9M 2024
Its F&B segment helped boost its profit.
Yeo Hiap Seng H1 net profit down 3%
The decline was due to currency volatility, freight disruptions, and lower product sales.
F&B sales grow weaker in June
Sales rose 1.8% YoY and declined by 3.2% MoM.
Sheng Siong Group’s net profit rises 6.8% YoY to $70m in H1
Higher revenue drove the increase
SATS terminates lease on Jurong Innovation District site
It is in the process of evaluating sites to relocate the SATS Food Hub.
Japan's Mitsui invests $36.4m to expand SATS food solutions in Asia
The investment will give Mitsui a 15% stake in SATS’ food solutions businesses.
ThaiBev proposed share swap with TCC Assets values FPL at $1.89 per share
It will no longer hold any interest in FPL upon completion.
F&B sales grow stronger in May
Sales rose 2.9% YoY and 2.1% MoM.
Tung Lok inks a three-year lease at Orchard Central for Dancing Crab
Total rent is estimated to reach $962,000.
SATS issues 4.3 million new ordinary shares
They will be listed on the SGX beginning 2 July.
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