Food Empire Records Strong Revenue Growth

Food Empire Holdings Limited (SG:F03) has released an update.

Food Empire Holdings Limited reported a revenue increase of 14.5% in 1Q2024 compared to the same period last year, driven by effective marketing, higher production volumes, and a strong pricing strategy. Despite currency depreciation in Russia, the company saw growth in all core markets, especially in South-East Asia, South Asia, and the CIS regions. The company remains optimistic about future growth fueled by ongoing capacity expansion and market penetration initiatives.

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