Petra Foods has reported growth in its consumer goods division in its second quarter (Q2) results and says it is planning to capitalize on the growing middle classes in Philippines, Malaysia and Singapore with premium products.
Singapore-based Petra Foods has reported first quarter profit gains in its branded consumer division driven by rising chocolate consumption in markets such as Indonesia and the Philippines and improved margins by introducing more premium products.
Singapore-based Petra Foods has posted sales and profit declines in the third quarter (Q3) as it complained of weak global demand for chocolate that halved profits in its cocoa ingredients division.
