Singapore, 12 November 2008 – Super Coffeemix Manufacturing Limited, the Southeast Asian market leader for 3-in-1 instant
coffees, reported a 35% increase in revenue to S$80.2 millions for the three months ended 30 September 2008 as the Group continues to expand its presence in both existing and new markets.
Boosted by effective cost controls, net profit jumped 27% to S$6.5 millions compared to S$5.2 millions for the last corresponding quarter.
Mr. David Teo Chairman of Super commented, “The recent melamine debacle and global financial meltdown have created a challenging environment for businesses in the region. Despite these, we have delivered a set of good results for the quarter under review by virtue of our emphasis on product quality and sound financial policy. Sales in our key markets continue to increase while inroads into new markets such as Ukraine and South Africa supplement our growth.”
Mr Teo continued, “Super operates 13 manufacturing and packaging plants spread across Asia. Each plant is equipped with state-of-art production lines that meet international manufacturing standards. Our emphasis on stringent production and quality controls have ensured that our products are safe for consumption.”
Accolade
Super was ranked amongst the top 100 companies in the 2008 Singapore International 100 Ranking; a national initiative to identify and celebrate Singapore’s top 100 companies ranked by highest overseas revenue. Organised by IE Singapore, the initiative aims to raise awareness of high growth markets, and celebrate leading Singapore companies that has made internationalisation and international business an integral part of their corporate strategy.
Outlook
Although competitive market conditions, volatility in raw material costs and foreign exchange fluctuations will remain as on-going challenges, the Group is familiar with these factors, and is well-prepared to mitigate their impact on the Group’s performance. We are optimistic that our continuous efforts to stay ahead of the competition will help the
Group to end the financial year with a strong double-digit sales growth.