QAF Qexpects to report a significant improvement in group earnings for 2HFY2023 and FY2023 ended Dec 31, 2023, compared to the same periods last year.
In a profit guidance filing on Feb 5, the company says the expected improvement is mainly attributable to better business performance and improved foreign exchange movements.
The earnings improvement is anticipated to come about despite previous announcements on the group’s non-cash impairment of its investment in its joint venture and exceptional items relating to the insurance claims arising from the flooding at its Malaysian bakery factory.
The company will report its earnings for 2HFY2023 and FY2023 later in February.
Shares in QAF closed 1.5 cents lower or 1.83% down at 80.5 cents on Feb 5.
