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F03 - Food Empire Holdings News Story

S$0.91 -0.0  -0.6%

Last Trade - 7:50am

Sector
Consumer Defensives
Size
Small Cap
Market Cap £265.0m
Enterprise Value £267.5m
Revenue £200.2m
Position in Universe 1839th / 6135

BRIEF-Food Empire Posts QTRLY Total Revenue Us$74.2 Million

Mon 11th May, 2020 4:04pm
May 11 (Reuters) - Food Empire Holdings Ltd  FEMP.SI :
    * FOOD EMPIRE- QTRLY TOTAL REVENUE US$74.2 MILLION VERSUS
US$70.7
MILLION
    * FOOD EMPIRE-GROUP'S NON-DAIRY CREAMER, SNACKS & COFFEE
PACKING
FACILITIES IN MALAYSIA CONTINUE TO OPERATE WITH SUPPLY CHAIN
DELAYS BEING NOTED
    * FOOD EMPIRE-TEMPORARILY INCREASING STOCK LEVELS AT
FACTORIES &
MARKETS TO MEET UNCERTAINTIES IN SUPPLY CHAIN & LOGISTICS
    * FOOD EMPIRE - QTRLY NET PROFIT AFTER TAX US$6.6 MILLION
VERSUS
US$7.6 MILLION
    * FOOD EMPIRE- EXPECT FINANCIAL RESULTS FOR RUSSIA, UKRAINE
& CIS
MARKETS TO BE NEGATIVELY IMPACTED IN 2Q2020
    * FOOD EMPIRE-GROUP EXPECTS TO EXPERIENCE NEAR-TERM
CHALLENGES,
LIKELY TO NEGATIVELY AFFECT FY2020
    * FOOD EMPIRE-EXPECT BUSINESSES TO RECOVER IN 2ND HALF OF
FY2020
    * FOOD EMPIRE-SECOND INSTANT COFFEE PLANT PROJECT IN INDIA,
FOR
COMPLETION AND COMMERCIAL PRODUCTION IN MIDDLE OF FY2020, WILL
EXPERIENCE DELAYS

Source text for Eikon:  ID:nSNc8Xc87 
Further company coverage:  FEMP.SI 

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