Food Empire shares climb as much as 9.7% on record Q1 results
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Food Empire's shares surged by 9.7% to S$3.38 following the announcement of record Q1 results, with revenue increasing by 16.9% to US$159.7 million. This growth is attributed to expansion in various markets and a stronger Russian currency. Additionally, the company’s board approved a one-for-five bonus share issue for shareholders.
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