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Super Q1 Net Profit Grew 24%

BullionStar
Super Group Ltd is a stock which I like very much and has been tracking for several years now.  The company is a leading instant F&B with market dominance in SE Asia. It manufactures and distributes branded consumer products, primarily instant coffee, instant cereals and instant tea mixes products, for which it maintains top market positions in key markets throughout SE Asia.

1Q13  Results
Net profit increased 24% YoY to S$22.9m from S$18.5m
Sales up 9% YoY to S$132.4m from S$121.6m
Earnings per share up 25% to 3.97 cents

In line with the strategy of focusing on the Group’s core business, the Company entered into a
conditional sale and purchase agreement in May 2013 to dispose its 35.3% interest in Sun Resources Holdings Pte Ltd, an associated company engaging in property development. The total consideration amounted to $26m and will result in a gain of approximately S$16m upon completion. I viewed this as a good development because the group would then be able to focus on it core business and continue to enhance its brand.

The company has strong financial strength and coupled with its strong branding in SE Asia, I believe it can scale new heights within the next decade. Not vested at the moment.
Magically yours,
SG Wealth Builder

SG Wealth Builder

SG Wealth Builder

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Updated: May 13, 2017 — 2:52 pm

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