Pokka Corporation (Singapore) Limited1 and its subsidiaries are primarily involved in the manufacturing, sales and distribution of food products, and restaurant operations. The Company operates under two business segments: beverage segment, which includes manufacturing, trading and distribution of beverage products, and restaurant segment, which includes the operation of restaurants and bakeries. The Company operates its restaurant business through its subsidiaries Pokka Dining Pte Ltd and Pokka Coffee (Macau) Ltd. Beverages manufactured by the Company are distributed and sold in five geographical segments: Singapore and Malaysia, Asia Pacific, Middle East, Europe and Africa. The restaurants are managed and operated in Singapore, Malaysia and Asia Pacific. The Company's subsidiaries include Pokka Food (Singapore) Pte Ltd, PH Sales & Marketing Pte Ltd, Pokka Corporation (HK) Limited, Pokka Australia Pty Ltd. and Pokka Dining Pte Ltd.
- Pokka's H1 net profit climbs 8% to $3.7m -2
POKKA Corporation, which makes and sells ready-to-drink and soft drink products, posted an 8 per cent year-on-year rise in net profit to $3.7 million for the half-year ended July 31. This was helped by higher average selling prices and continued cost-management efforts.
Total revenue for the six months rose 9.7 per cent to $89.6 million, from $81.7 million. This was due to the improved performance of Pokka's core beverage and restaurant businesses, despite weaker consumer sentiment.
Group revenue would have been higher if not for the dampening effect of currency translation losses on beverage export sales and Hong Kong restaurant revenue, Pokka said. During the period under review, the US and Hong Kong currencies depreciated against the Singapore dollar.
Pokka's earnings per share rose from 4.05 to 4.37 cents.
The business environment remains challenging for beverage manufacturers and restaurant operators, Pokka said. 'The group's strategy continues to leverage on the strong brand equity of its beverage and restaurant businesses to defend and grow existing markets,' it said.