Between Jun 20 and 26, SunMoon Food Company executive director and CEO Zhang Ye acquired 672,900 shares. This increased his total interest from 52.24 per cent to 52.31 per cent. Zhang has gradually increased it from 51.57 per cent since the group reported its FY24/25 (ended Mar 31) results on May 27.

 

Revenue rises 25% to S$33.8 million, from S$27.1 million a year earlier

 

[SINGAPORE] Fruit distributor SunMoon Food Company has sunk into the red with a net loss of S$1.5 million for the full year ended March, compared with a net profit of S$28,000 the previous year. 

 

This was mainly due to a combination of factors, including a lower gross margin from the clearance of slow-moving inventories that were sold at low or even negative margins, afnd an expected credit loss of S$591,000 on trade receivables, the company said in a regulatory filing on Tuesday (May 27).  

 

Loss per share stood at S$0.00168 for FY2025, compared to earnings per share of S$0.00003 the previous year. 

 

Full-year revenue rose 25 per cent to S$33.8 million, from S$27.1 million a year earlier. This was mainly due to the increased sales of fruits, aquatic foods and non-hazardous chemical products.