Farm Fresh's 2Q profit plunges 64.5%

Farm Fresh Bhd managing director and group chief executive officer Loi Tuan Ee

KUALA LUMPUR: Farm Fresh Bhd's net profit plunged 64.5% to RM11.2mil in the second quarter ended Sept 30 (2Q) from RM31.5mil posted in the same quarter last year.

Revenue, however, jumped 32.5% to RM162.14mil from RM122.4mil while earnings per share fell to 0.60 sen for the quarter against 1.93 sen previously.