Super Coffeemix Manufacturing, the manufacturer and distributor of instant coffee and convenience food products, posted a 55% jump in net profit to $40.4 million for the financial year ended Dec 31 2009 (FY09) due to higher gross profit margin and a net gain from investment securities.
This occurred despite a 1% decrease in revenue to $296.3 million in FY09 from $300.2 million in FY08 mainly due to lower demand from the Mongolia, South Africa and Commonwealth of Independent States (CIS) markets. However, the group’s core markets of Southeast Asia and East Asia continued to perform well and grow.
