The earnings improvement is anticipated to come about despite previous announcements on the group’s non-cash impairment of its investment in its joint venture and exceptional items relating to the insurance claims arising from the flooding at its Malaysian bakery factory.
The company will report its earnings for 2HFY2023 and FY2023 later in February.
Shares in QAF closed 1.5 cents lower or 1.83% down at 80.5 cents on Feb 5.
