As for Lian Beng, the acquisition is line with one of its core business activities in property investments.“The group views the proposed acquisition as a good opportunity to participate in a strategic investment of the property, where the group can derive rental returns which will be added to the ...

RHB Group Research is keeping its “buy” recommendation on Food Empire with a target price of 95 cents, as analyst Jarick Seet believes that the group’s latest 1QFY2022 ended March results has quelled all doubts of the group’s position amid the ongoing Russia-Ukraine crisis, of which both mar...

Food Empire Holdings has reported net profit after tax (NPAT) of US$9.2 million ($12.7 million) for the 1QFY2022, 34.4% higher than NPAT of US$6.8 million in the corresponding quarter last year.The higher NPAT was due to the higher average selling prices (ASPs), lower selling and marketing expenses,...

DESPITE severe geopolitical challenges in its key Russia and Ukraine markets, mainboard-listed food and beverage manufacturer Food Empire, registered higher revenue and net profit for the first fiscal quarter that ended Mar 31, 2022.

FOOD and beverage manufacturer Food Empire said on Monday (Apr 18) that given the conflict in Ukraine, it has made changes in inventory management practices and pricing policies and is exploring various alternatives to ensure business continuity under extremely challenging market conditions....

FOOD and beverage manufacturer Food Empire said on Monday (Apr 18) that given the conflict in Ukraine, it has made changes in inventory management practices and pricing policies and is exploring various alternatives to ensure business continuity under extremely challenging market conditions....

“I do not think that in the region, the fact that China refuses to distance itself from Russia, costs it,” he said. “All the countries in the region — they worry about sovereignty and the principles of the UN charter – but at the same time, they want their ties with China and quite a few o...

In addition, Food Empire is economically exposed to the US dollar, in which a sharp devaluation of the Russian ruble will adversely impact its financial performance and position.“The group may also face heightened credit risks, higher working capital requirements and issues with currency remittanc...

THE following companies saw new developments that may affect trading of their securities on Friday (Mar 25):

FOOD and beverage manufacturer Food Empire on Thursday (Mar 24) said that its auditors have flagged the uncertain financial, economic and social impact on the company arising from the Russia-Ukraine conflict.