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SINGAPORE: Mainboard-listed instant beverages manufacturer, Super Coffeemix, said its third quarter net profit rose 30 per cent on year to S$8.9 million.
It managed to grow its profit despite sales revenue dropping by three per cent on-year to S$77.6 million.
The firm said the drop in revenue was mainly due to lower sales in the Indonesian market.
Still, the firm said it achieved an improvement in gross profit margin because of lower raw material costs.
Super Coffeemix said it will continue to invest in its brand building and marketing activities to strengthen its presence.
It also expects market conditions to remain competitive and challenging in the coming 12 months. - 938LIVE/vm
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