SINGAPORE (Yosefardi) – QAF Ltd, agriculture company controlled by Salim Group, booked net profit of S$3.09 million in the second quarter of 2013, slashed by 64% from the corresponding period of 2012.
The group then reported net profit of S$14.6 million in the first half ended June 30, 2013, down 22% from the same period of 2012.
QAF booked total revenue of S$259 million in the second quarter, grew by 6% from the same period of 2012, but costs increased by 9% to S$251 million.
In the first half of 2013, QAF reported total sales of S$509.98 million, grew by 5% from first half of 2012, while costs increased by 7% to S$486.8 million.