FOOD EMPIRE

For Q3 2012 the Group recorded a Profit after tax of US$8.0 million compared to US$4.2 million in Q3 2011.

The improvement in performance was mainly due to the following reasons: -

1) Higher average selling prices of its products in its key markets.

2) Foreign exchange gain of US$289,000 in Q3 2012, compared to a loss of US$375,000 in the
corresponding quarter of 2011 as a result of the weakening US dollar.|

3) Share of associates’ profits also saw a turnaround from a loss of US$963K in Q3 2011 to US$558K in profits for Q3 2012.


Cool!

Anyone has analyst report?

I can see the business getting bigger & stronger with their new Ukraine plant, their new coffee plant in India and creamer plant in Malaysia. All these things happening in the next 12-24 months. As always, in this business, the key risks would be a rise in commodity prices ..... 

While having my coffee break.... I checked Food Empire stock --- 52.5 cents now!
Cheers! 

Lorna, your kopi is getting sweeter. Food Empire closed at 54.5 cents, up 10% today! What is happening?

Super Group has done very well, shot past $3.00.
Food Empire is on the move too, shot past 52 cents. Valuation about 50% of Super's. PE abt 11 versus Super's 20+