Friday 29 Mar 2024
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SINGAPORE (May 8): QAF, the manufacturer of Gardenia sliced bread, reported earnings of S$3 million for the 1Q18 ended March, down 79% from earnings of S$14 million in 1Q17 on lower revenue and higher costs and expenses.

Revenue for the quarter fell 5% to S$102.9 million from S$105 million a year ago on lower contributions from the primary product and distribution & warehousing segments.

While the bakery segment achieved overall increase in sales, its EBITDA fell over the quarter due to higher operating costs and higher advertising and promotional expenses... (Click here to read the full story)

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