SINGAPORE (May 10): Food Empire announced that its 1Q19 earnings rose 6.6% to US$7.7 million ($10.5 million) from US$7.2 million in 1Q18. Revenue was 2% lower at US$70.7 million from US$72.1 million a year ago. Sales from Russia dropped 4.4% y-o-y to US$29.2 million, mainly due to the depreciation ...

SINGAPORE (Feb 28): Food Empire has announced that it has reversed out of the red in 4Q18 with earnings of US$2.72 million ($3.67 million), compared to a loss of US$2.75 million in 4Q17. This brings FY18 earnings to US$18.1 million, 28.0% higher than US$14.1 million in FY17. However, revenue for th...