The Singapore-based food and drinks company Cerebos Pacific reported a 64% jump in full net profit to S$67.51m, compared to last year.

Higher sales and improved margins were credited with the performance, however the company continued to be cautious about the economic future.

"Overall, while optimistic, over the mid-to long-term horizon, the next 12 months will be challenging," the company said.
Cerebos reported a 15% rise in sales to S$599m for the year.