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O10 Far East Orchard News Story

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Brief: Far East Orchard Says Operating Environment Remains Highly Uncertain Amid Ongoing Geopolitical Tensions

May 7 (Reuters) - Far East Orchard Ltd FARE.SI:

OPERATING ENVIRONMENT REMAINS HIGHLY UNCERTAIN AMID ONGOING GEOPOLITICAL TENSIONS, INCLUDING DEVELOPMENTS IN MIDDLE EAST

IN NEAR TERM, FAR EAST ORCHARD IS NOT EXPECTED TO BE MATERIALLY IMPACTED BY RISING ENERGY COSTS

SIGNIFICANT PORTION OF GROUP'S ENERGY REQUIREMENTS FOR CURRENT YEAR IS SECURED UNDER FIXED‑RATE OR HEDGED CONTRACTS

SUSTAINED INCREASES IN ENERGY AND LABOUR COSTS WILL EXERT PRESSURE ON MARGINS

QTRLY  PROFIT AFTER TAX WAS LOWER YEAR-ON-YEAR

Further company coverage: FARE.SI

 ((Reuters.Briefs@thomsonreuters.com;))

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