Kawan Food to see strong earnings in second half

PETALING JAYA: Inflationary pressures such as labour, utility and logistics costs, as well as higher input prices, are unlikely to have an impact on Kawan Food Bhd’s earnings in the second half of 2022 (2H22).

It has the ability of mitigating the impact via higher economies of scale (higher production volume), better overall cost control and average selling price hikes that have been implemented by an average of 7% to 8% in the first quarter of the financial year ended 2022 (1Q22).