Singapore's SunMoon Food half-year net profit falls as higher costs weigh
Overview
Singapore food distributor's half-year revenue grew 10% yr/yr
Gross profit for the half year rose 31% yr/yr
Net profit for the financial period declined 34% yr/yr
Outlook
Company did not provide specific guidance for upcoming quarters or the full year in its press release
Result Drivers
HIGHER SELLING AND DISTRIBUTION EXPENSES - Selling and distribution expenses nearly doubled, rising 90% yr/yr
ADMINISTRATIVE EXPENSES - Administrative expenses remained elevated, limiting profit growth
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue | S$22.62 mln | ||
H1 Net Income | S$40,000 | ||
H1 Gross Profit | S$1.16 mln | ||
H1 Pretax Profit | S$64,000 |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)