The board of directors of JB Foods has guided for a significant increase of its earnings for its six-month ended Sep 30. The guidance, issued after market closed on Nov 6, sent its share price up 12.25% higher to close at 55 cents on Nov 7.
According to JB Foods, the higher earnings can be attributed to operational improvement, higher hedging gains, and stronger margins for customers’ contracts delivered during the period.
The company stresses that this is a preliminary assessment based on currently available information, and advised shareholders and potential investors to exercise caution when dealing in the securities of the company.
JB Foods is a producer and supplier of cocoa products. It changed its financial year-end from Dec 31 to Mar 31, and reported revenue of more than US$1.657 (S$2.16) billion for the 15 months from Jan 2024 to Mar 2025. This was a more than 178% increase from the 12 months ending Dec 2023. Between 2020 to 2023, annual revenue ranged from $544 million to $776 million.
JB Foods will announce its results for 1H2026 on or before Nov 14.
