About QAF Limited
QAF Limited is an investment holding and management company. The Company operates through four segments: Bakery, Distribution and warehousing, Investments, and Primary production. Bakery segment includes the manufacture and distribution of bread, confectionery and bakery products. The Distribution and warehousing segment includes trading and distribution of food and beverage products, and provision for warehousing logistics for food items. The Investments segment includes investment holdings and other activities. The Primary production segment includes the production, processing and marketing of meat, and feed milling and sale of animal feeds and related ingredients. The Company’s geographical segments include Australia, Philippines, Singapore and Malaysia. The Company’s wholly owned subsidiaries include Gardenia Foods (S) Pte Ltd, Farmland Central Bakery (S) Pte Ltd, Millif Industries Sdn Bhd, Farmland Bakery (M) Sdn Bhd, Bakers Maison (M) Sdn Bhd and Phil Foods Properties Inc.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, QAF Limited revenues decreased 1% to SP$559M. Net income before extraordinary items decreased 47% to SP$22.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Utilities increase of 10% to SP$17.1M (expense), Share of profits of joint venture decrease of 24% to SP$4.2M (income).
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