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SINGAPORE (May 8): QAF, the manufacturer of Gardenia sliced bread, reported earnings of $3 million for the 1Q18 ended March, down 79% from earnings of $14 million in 1Q17 on lower revenue and higher costs and expenses.

SINGAPORE (Feb 23): QAF, the multi-industry food company, reported a 96% fall in 4Q earnings to $2.1 million from $55.8 million a year ago on absence of one-off gain.

SINGAPORE (Nov 10): Multi-industry food company QAF saw its earnings fall 62% to $7.5 million for 3Q17 compared to $19.4 million of earnings a year ago on higher costs and expenses.

SINGAPORE (Nov 7): QAF, the multi-industry food company, has decided to put on hold the flotation of the group’s primary production business, citing current market conditions.

SINGAPORE (Aug 10): OCBC is ceasing coverage of QAF as the group redistributes its internal resources amid rising competition, currency volatility and costs.

SINGAPORE (Aug 12): Food company QAF saw a more than doubling of 2Q earnings to $28.8 million from $12.2 million a year ago due to an exceptional gain of $9.7 million from the group’s sale of a 20% stake in wholly-owned subsidiary Gardenia Bakeries KL (