CEREBOS TO CONTINUE STRATEGIC INVESTMENTS IN FY2012 DESPITE LOWER Q1 PROFIT
Cerebos News Release
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news release final
FOR IMMEDIATE RELEASE Contact : Daniel Quek
+65-62120289
CEREBOS TO CONTINUE STRATEGIC INVESTMENTS
IN FY2012 DESPITE LOWER Q1 PROFIT
Highlights
Q1 Sales up 4% at $241.2 m
Q1 Operating Profit down 14% at $36.3 m
Q1 Net Profit down 13% at $25.3 m
Return on Shareholders' Fund at 21.7%
[ Singapore - 3rd May 2012 ] Cerebos Pacific Limited today
reported a first quarter FY2012 sales revenue of S$241.2
million and a Group operating profit of S$36.3 million with a
net profit of S$25.3 million.
For its Health Supplement Division, sales rose 4% generated
from strong sales performances in Thailand, Hong Kong and
Malaysia. In general the timing of the Chinese New Year
period being earlier than last year meant that the festive
sales uplift was taken into the previous December 2011 sales.
Its Taiwan (ROC) business continues on the road to recovery
from the nationwide food contamination scare which still
affects consumer sentiment. In China (PRC), the business was
impacted by its strategy of shifting to more profitable
channels, which has still some way to progress, as well as by
the launching of new products.
Overall, the BRAND'S® Essence of Chicken range is growing
well in many markets and has been gaining wider consumer
attention as a result of ongoing publicity for a new
scientific discovery - the unique bioactive peptide
ProBeptigen® which works to positively impact performance in
the brain. It is now understood that ProBeptigen® in BRAND'S®
Essence of Chicken holds the key to aiding memory, mental
sharpness, concentration, and learning motivation.
For its Food & Coffee Division (FCD) sales rose 5% mainly as
a result of better coffee sales in New Zealand. However the
competitive retail landscape in Australia continues to
present a challenge and tempered the division's
performance.
The FCD strategy to deliver more exciting new product formats
in the food category coupled with the active exploration to
extend coffee into Asian markets over the next few years will
strengthen its position for continued growth.
Looking ahead President & Group CEO Mr Eiji Koike expressed
his determination to invest further in order to make Cerebos
more sustainable: "The Group will continue to invest in its
strategic priorities namely customer relationship focusing on
digital initiatives, research and new product development as
well as supply chain management, in line with its vision to
increase stakeholder value."
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ABOUT CEREBOS
Cerebos Pacific Limited is a leading food and health
supplements enterprise with its corporate headquarters in
Singapore. It is a company listed on the Singapore Exchange,
providing management services to subsidiary and associate
companies in the Asia Pacific.
Its flagship product, BRAND'S® Essence of Chicken is the
category leader. Its main markets are Thailand, Taiwan (ROC),
Singapore, Malaysia, Hong Kong(SAR) and China(PRC). More than
150 million bottles of BRAND'S® products were sold last
year.
BRAND'S® health supplements tablets products are making its
presence felt in the mainstream health supplements segment
and features the Wellness range and the Innershine range.
ProBeptigen® is the unique bioactive peptide in BRAND'S®
Essence of Chicken which works to positively impact
performance in the brain. It is now understood that
ProBeptigen®, which has been patented, holds the key to
aiding memory, mental sharpness, concentration, and learning
motivation.
In Australasia, Cerebos' products are market leaders in
gravies, sauces, coffee and cooking aids marketed under well
known brand names including Gravox®, Fountain®, Robert
Harris®, Mocopan®, Toby's Estate®, Caffe L'affare® and
Gregg's®.
It also markets Asian sauces and spice pastes under the Asian
Home Gourmet® brand name.
Cerebos' homepage address is http://www.cerebos.com
BRAND'S homepage address is http://www.brandsworld.com
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Attached :
Cerebos Pacific Limited 1st Quarter 2012 Financial Statement
Announcement.
Media Contact :
Daniel Quek
Group Corporate Affairs & Investor Relations Tel:
+65-62120289 DID M:+65-97542438
email: dq@cerebos.com.sg
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