KUALA LUMPUR: Shares in Berjaya Food Bhd (BFood) rose over 5.7% after it reported earnings that exceeded analysts’ expectations. BFood posted a net profit of RM14.27mil in the fourth quarter ended June 30, 2021 against a net loss of RM30.16mil a year ago. For the full year ended June 30, BFood posted a net profit of RM47.36mil on revenue of RM717.27mil. AmInvestment Bank Research said BFood’s FY21’s net profit of RM47.4mil came in within its forecasts but exceeded consensus expectations. “FY21 earnings exceeded expectations on a successful business rationalisation and cost-optimisation efforts, as well as robust sales driven by alternative channels.
