Food Empire Holdings (SGX:F03) H1 2024 results

Key financial results

• Revenue: $225.2 million (up 14% from H1 2023).

• Net income: $23.6 million (down 11% from H1 2023).

• Profit margin: 11% (compared to 13% in H1 2023). The margin decline is due to higher expenses.

• Earnings per share: $0.045 (compared to $0.05 in H1 2023).

All figures shown in the graph above refer to the last 12 months (TTM)

Insights into Food Empire Holdings’ earnings

An average sales growth of 6.8% per annum is expected for the next three years. For the food industry in Singapore, however, growth of 3.2% is forecast.

Performance of Singapore food industry.

The company’s share price remained largely unchanged compared to the previous week.

Risk analysis

Nevertheless, we must consider the ever-present specter of investment risk. We have identified 1 warning signal with Food Empire Holdings, and understanding it should be part of your investment process.

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