Written by The Edge

Monday, 13 May 2013 13:07

Super Group, the integrated instant food and beverage (F&B) brand owner, today announced a 24% increase in net profit to $22.9 million for the first three months ended 31 March 2013 (1Q13). Revenue increased 9% to $132.4 million from $121.6 million. Gross profit margin improved 3 percentage points to 37% due to effective costs management and enhanced operational efficiencies arising from increased production capacity. Food Ingredients sales posted 33% growth to $38.5 million. This growth is boosted by increased production capacity and robust demand for soluble coffee powder and non-dairy creamer from key Asian markets. Branded Consumer sales posted slight improvement to $93.9 million. Higher sales were registered for Thailand, Philippines and China markets while this increase is partially offset by lower sales into other Southeast Asian markets. Gross profit margin improved 3 percentage points ......