ERC20:Kawan sees resilient overseas demand

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FROZEN food manufacturer Kawan Food Bhd expects the strong overseas demand to persist as its customers abroad continue building on their inventories following supply chain issues that bogged them down earlier.

The group’s net profit in the second quarter of 2022 (2Q22) grew 72.63% to RM10.84mil from RM6.28mil in 2Q21, beating some analysts forecasts. This was on the back of higher sales in the local and export markets.

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