4 Dividend-Paying Singapore Food and Beverage Stocks That Could Deliver Delicious Returns: Food Empire Holdings Ltd

Food Empire is an F&B group with a portfolio comprising instant beverages, snack foods, and food ingredients.

The group also owns proprietary brands such as MacCoffee and CafePHO and has eight manufacturing facilities in five countries along with 23 offices worldwide.

Food Empire released an encouraging set of numbers for its 1Q 2023 business update.

Net profit surged by 50.9% year on year to US$13.8 million.

The better performance was due to higher sales in its key regions of Russia and Ukraine plus Kazakhstan.

For its 2022 results, Food Empire declared and paid out a first and final dividend of S$0.044.

The group is expanding its non-dairy creamer factory and expects commercial production to commence in the fourth quarter of this year.