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.
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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.
