SINGAPORE (Yosefardi) – Mainboard-listed JB Foods Limited reported a 24.7% year-on-year (yoy) jump in quarterly revenue to RM179.9 million and a lower net loss attributable to owners of the parent of RM8.5 million for the three months ended 30 June 2014 (2Q2014).
JB Foods however is confident of the long term business prospects with fewer competitors in the industry. In the meantime, the company is executing its strategies to expand sales to key strategic markets, such as USA and Indonesia.
The company is a major cocoa ingredient producer in Malaysia principally engaged in the production and sale of cocoa powder, cocoa butter, cocoa liquor and cocoa cake.