Super Group doubles Q2 net profit to $36.5 million on strong food ingredient sales
SUPER Group, famous for its three-in-one instant coffee beverage, has doubled its second quarter net profit to $36.5 million from $17.5 million.
Revenue for the three months to June 30 rose by 23 per cent to $138.3 million.
Food ingredient sales continued to lead the charge by registering a 65 per cent increase to $46 million, from increased production capacity and robust demand for the group's food ingredients in the Asia markets, namely Indonesia, Taiwan and the Philippines.
Branded consumer sales increased by 10 per cent to $92.4 million, due mainly to higher sales into the Southeast Asia markets, particularly Myanmar, Malaysia and the Philippines.