JB Foods swings into the black with US$59.4 million H1 net profit, declares special dividend

JB Foods reported a net profit of US$59.4 million for H1, reversing a loss of S$51.9 million from the previous year. The company achieved record Ebitda of US$89.9 million, driven by operational enhancements and higher cocoa ingredient prices. Revenue rose 57.7% to US$794.5 million. A special dividend of S$0.028 per share was announced, alongside an interim dividend of S$0.002. The company noted market volatility in cacao bean prices and potential compliance cost uncertainties due to new regulations. The stock closed up 0.9% at S$0.56.