SINGAPORE (Dec 11): RHB Research is maintaining its “neutral” call on the Singapore consumer sector, as decelerating economic growth and  macro-economic uncertainties threaten to tame consumer confidence and limit upside potential in the upcoming year.  Citing the Singapore government’s for...

FOR the five trading sessions spanning Nov 8 to Nov 14, the Straits Times Index (STI) declined 1.6 per cent with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaging a 1.9 per cent decline.

FOOD Empire, which manufactures instant coffee and snacks, has posted a net profit of US$7.9 million in the third quarter, up 34.4 per cent from the same period a year earlier on sales growth in Russia, Ukraine and IndoChina.

SINGAPORE (Nov 11): Food Empire Holdings saw its earnings jump 34.4% to US$7.9 million ($10.7 million) for 3Q19 ended September, from US$5.9 million a year ago, on the back of higher revenue and lower expenses during the quarter. On a fully diluted basis, this translates to earnings per share of 1....

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...