Food Empire Holdings Full Year 2024 Earnings: Beats Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 06 2025
0mins
Source: Yahoo Finance
Financial Performance: The company reported a revenue of US$476.3 million (up 12% from FY 2023) but saw a decline in net income to US$52.5 million (down 7%) and a profit margin decrease to 11% due to higher expenses.
Market Outlook: Revenue is expected to grow at an average rate of 5.5% per annum over the next three years, slightly above the 5.0% growth forecast for Singapore's Food industry, despite the company's shares dropping 5.1% recently and potential risks identified.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
