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Stock Track | Food Empire Soars 3.32% Intraday on Strong Fiscal Year Results

Stock Track04-01 12:30

Food Empire's stock surged 3.32% during intraday trading on Wednesday, following the release of its robust fiscal year financial results.

The company reported strong profitability metrics, including EBITDA of USD 808.833 million, pretax profit of USD 596.633 million, and net income of USD 359.663 million for the fiscal year.

These positive financial figures indicate healthy operational performance and profitability, which likely boosted investor confidence and drove the stock price upward during the trading session.

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  • yongts
    ·14:56
    Looking at the figure given. Many red flags. The figure look too big for the company. Even it is right. The amortisation & interest look extremely large. The tax percentage of 40% is too big. This company is doing something suspicious. Trade with extreme care. 
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