Singapore May 13, 2008 – Mainboard listed Food Empire Holdings Limited (Group) – a leading food and beverage manufacturing company – today announced a 24.0% increase in profit after taxation and minority interests for the first quarter of 2008.1
Profits increased from US$5.5 million in 1Q 2007 to US$6.8 million in 1Q 2008. Earnings per share on a fully diluted basis increased from 1.25 US cents to 1.55 US cents. The strong profit increase was the result of increased sales, particularly in the group’s largest market of Russia.
