New capacity a key earnings driver for Farm Fresh

KUALA LUMPUR: Farm Fresh Bhd released a set of disappointing results for its 2023 financial year, but there are expectations the worst is over for the dairy producer as it looks ahead towards an earnings recovery in the coming year.

Investment research firm RHB Research said in its results review that Farm Fresh's core net profit came in below expectations at RM57mil, a decline of 17% year-on-year, which represented 83-84% of its and consensus projections.