QAF expects sharp drop in 1H2025 profit despite stable revenue, citing higher costs, forex losses and JV impairment
Summary:
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QAF Limited announced that it anticipates a material reduction in profit attributable to owners for 1H2025compared to 1H2024.
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Group revenue for the first half of 2025 is expected to be broadly similar to the same period last year.
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Lower profit mainly driven by:
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Higher operating costs.
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Unfavourable foreign exchange movements against the Singapore Dollar.
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A larger non-cash impairment on its investment in joint venture Gardenia Bakeries (KL) Sdn Bhd.
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The Group is finalising its results, which remain subject to the Audit and Risk Committee and Board approval.
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Full details and commentary will be provided when QAF releases its 1H2025 results in August 2025.
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Shareholders are advised to exercise caution when trading QAF shares and seek professional advice if needed.