LOWER profit from discontinued operations and fair value losses on financial liabilities arising from the contingent issuance of shares took a toll on SunMoon Food as it reversed into the red with a full-year net loss of S$4.3 million, compared to a net profit of S$1.6 million a year ago.
Revenue for the fruit distributor and food ingredients maker, however, rose 62 per cent to S$72.6 million, mainly due to higher sales to Shanghai Yiguo E-Commerce Co. Sales to Yiguo constituted 63.2 per cent of the group's revenue for the year, the company said.Meanwhile, fair value losses on financial liabilities of S$2.
Looking ahead, the group noted that its operating environment remains"challenging and competitive", and that it will continue to focus on its value-added fresh fruits products in China and South-Asia.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Brazil surgeon turned SEC whistleblower gets US$4.5m[WASHINGTON] A former Brazilian surgeon who blew the whistle on a medical device company that allegedly bribed doctors to win business will get a US$4.5 million award from US regulators, according to his lawyers. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Dyna-Mac bags contract from new customer for provision sum of S$4mDYNA-MAC Holdings has received a contract from a new customer for a provision sum of S$4 million, the offshore oil and gas contractor announced on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Jason Marine full-year earnings soar to S$191,000 on forex movementsJASON Marine Group saw FY2019 revenue dip 8.4 per cent to S$29 million for the year ended March, due to weak demand for its goods in the marine and oil and gas industries, the company announced on Thursday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Neo Group reports higher Q4, full-year net profitCATERER Neo Group on Wednesday reported a net profit of S$3.92 million for the fourth quarter ended March 31, up nearly 43 per cent from the corresponding quarter a year ago as it reported higher revenue. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Ossia posts 7.8% drop in full-year net profit to S$3.92mOSSIA International reported net profit attributable to owners of S$3.92 million for the year ended March 31, down 7.8 per cent from the previous year's figure of S$4.16 million, in a results release on Monday night. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Former Brazil surgeon turned SEC whistleblower gets US$4.5m[WASHINGTON] A former Brazilian surgeon who blew the whistle on a medical device company that allegedly bribed doctors to win business will get a US$4.5 million award from US regulators, according to his lawyers. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
GP Industries posts Q4 net profit of S$2.33m, reverses year-ago lossMAINBOARD-LISTED battery maker GP Industries posted net profit of S$2.33 million for the fourth quarter ended March 31, turning around from a S$7 million loss in the year-ago period, it reported in a results release on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Accordia Golf Trust Q4 loss per unit widens on impairment lossesACCORDIA Golf Trust on Tuesday posted a loss per unit of 20.71 Singapore cents for the fourth quarter ended March 31, widening from a loss per unit of 3.19 Singapore cents for the year-ago period. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Accrelist narrows FY2019 loss, helped by unit Jubilee Industries' profit more than tripling to S$3.3mCORPORATE accretion services provider Accrelist Ltd narrowed its net loss to S$71,000 for the financial year ended March 31, from a S$310,000 net loss for the year-ago period. It cited sustained a turnaround and stronger operational performance of its subsidiary, Jubilee Industries Holdings, as the reason for the group's improved performance. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »