Catalist-listed Kimly 1D0 Limited says the recall of its frozen fish patty will not have any significant impact on the company’s financial position or operational performance.
The Singapore Food Agency had ordered a recall of Fish Burger Ikan Sultan, manufactured by Kimly subsidiary Tenderfresh Fried & BBQ Chicken, on Sept 26. Egg had been found in the product, which was not stated on its packaging label.
Under Singapore’s food regulations, food products containing ingredients that are known to cause hypersensitivity to consumers with food allergies must be declared on food packaging labels.
In a Sept 27 bourse filing, Kimly says it “sincerely regrets the incident” and has removed the affected product from all retail shelves.
The company adds that the health and safety of its customers are of utmost importance, and it has initiated a “thorough review” of its internal quality control processes to further improve and enhance allergen labelling, to ensure full compliance with food regulatory requirements.
For 1HFY2024 ended March 31, Kimly posted a slight 0.9% y-o-y dip in earnings to $16 million from $16.2 million. This excluded the $2.5 million gain from the sale of its confectionary business. In comparison, revenue increased by 1.9% y-o-y to $158.5 million.
See also: Kimly sees growth from hungry locals
Shares in Kimly closed 0.5 cents higher, or 1.56% up, at 32.5 cents on Sept 27.
