[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.
As at 11 am on Wednesday, shares of SunMoon were trading 14.3 per cent or S$0.002 higher at S$0.016.
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